 "Sensex down over 100 points; metal & financials shares weigh")
Benchmark indices have edged lower in morning deals weighed down by metal, capital goods and financial shares.
By 10:30, the Sensex slipped by 160 points at 27,764 mark whereas the Nifty index has declined by 42 points at 8,296 levels.
The broader markets have erased early gains and are trading lower- BSE Midcap and Smallcap indices have dipped between 0.2-0.4%.
Meanwhile, the provisional data released by the stock exchanges after trading hours on Wednesday showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 1030.85 crore on that day.
GLOBAL MARKETS
Asian shares edged down on Friday ahead of U.S. employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in the euro zone.
Investors were likely to remain cautious ahead of the key U.S. nonfarm payrolls report. Solid gains in employment would increase speculation that the U.S. Federal Reserve could raise U.S. interest rates in the middle of next year.
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3%, on track for a weekly loss of about 1.7%.
Japan's Nikkei stock average rose 0.4%, poised to gain over 2% for the week following the Bank of Japan's surprise easing move on Oct 31
SECTORS & STOCKS
BSE Metal index has slumped by over 1% followed by counters like Capital Goods, Banks, Auto, Oil & Gas and Power, all declining between 0.3-1%. However, BSE Healthcare index has recovered from day’s low and are trading higher by over 0.4%.
The main losers on the Sensex are Hero Moto, Coal India, GAIL, M&M, SBI and HDFC Bank, all slumping between 1-2%.
Hero Moto has dipped by almost 2%. After selling shares of Rs 1,480 crore in Hero MotoCorp, private equity company Bain Capital is set to sell $200-million shares (2.2 per cent). Bain will sell nearly 4.3 million shares in India's biggest maker of motorcycles and scooters for Rs 2,859.6-2,963 apiece, according to the term sheet.
Shares of infrastructure developers are in focus after Prime Minister Narendra Modi on Wednesday directed strict monitoring of projects based on monthly completion targets for road, railway, shipping and civil aviation projects.
On the gaining side, Dr Reddy's Labs, Cipla, HUL, Axis Bank and NTPC have gained between 1-3%.
Among other shares, Escorts has slipped 7% to Rs 155 on NSE after reporting a net loss of Rs 7.85 crore for the second quarter ended September 2014 (Q2), mainly on account of one time exceptional expense and higher raw material cost.
DLF is trading 4% higher at Rs 132 on BSE, in otherwise subdued market, after the Securities Appellant Tribunal (SAT), in an interim relief, allowed real estate giant to redeem its mutual fund investments of Rs 1,806 crore to service its debt.
Ramco Cements has rallied 9% to Rs 379 on BSE after reporting about five-fold jump in its standalone net profit to Rs 89.71 crore for the second quarter ended September on the back of cost reduction and improved realisation.
By 10:30, the Sensex slipped by 160 points at 27,764 mark whereas the Nifty index has declined by 42 points at 8,296 levels.
The broader markets have erased early gains and are trading lower- BSE Midcap and Smallcap indices have dipped between 0.2-0.4%.
More From This Section
The market breadth in BSE turns negative with 1,230 shares declining and 1,018 shares advancing.
Meanwhile, the provisional data released by the stock exchanges after trading hours on Wednesday showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 1030.85 crore on that day.
GLOBAL MARKETS
Asian shares edged down on Friday ahead of U.S. employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in the euro zone.
Investors were likely to remain cautious ahead of the key U.S. nonfarm payrolls report. Solid gains in employment would increase speculation that the U.S. Federal Reserve could raise U.S. interest rates in the middle of next year.
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3%, on track for a weekly loss of about 1.7%.
Japan's Nikkei stock average rose 0.4%, poised to gain over 2% for the week following the Bank of Japan's surprise easing move on Oct 31
SECTORS & STOCKS
BSE Metal index has slumped by over 1% followed by counters like Capital Goods, Banks, Auto, Oil & Gas and Power, all declining between 0.3-1%. However, BSE Healthcare index has recovered from day’s low and are trading higher by over 0.4%.
The main losers on the Sensex are Hero Moto, Coal India, GAIL, M&M, SBI and HDFC Bank, all slumping between 1-2%.
Hero Moto has dipped by almost 2%. After selling shares of Rs 1,480 crore in Hero MotoCorp, private equity company Bain Capital is set to sell $200-million shares (2.2 per cent). Bain will sell nearly 4.3 million shares in India's biggest maker of motorcycles and scooters for Rs 2,859.6-2,963 apiece, according to the term sheet.
Shares of infrastructure developers are in focus after Prime Minister Narendra Modi on Wednesday directed strict monitoring of projects based on monthly completion targets for road, railway, shipping and civil aviation projects.
On the gaining side, Dr Reddy's Labs, Cipla, HUL, Axis Bank and NTPC have gained between 1-3%.
Among other shares, Escorts has slipped 7% to Rs 155 on NSE after reporting a net loss of Rs 7.85 crore for the second quarter ended September 2014 (Q2), mainly on account of one time exceptional expense and higher raw material cost.
DLF is trading 4% higher at Rs 132 on BSE, in otherwise subdued market, after the Securities Appellant Tribunal (SAT), in an interim relief, allowed real estate giant to redeem its mutual fund investments of Rs 1,806 crore to service its debt.
Ramco Cements has rallied 9% to Rs 379 on BSE after reporting about five-fold jump in its standalone net profit to Rs 89.71 crore for the second quarter ended September on the back of cost reduction and improved realisation.