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Market lacklustre; Nifty below 6100

After a flat, market is flat to negative with buying witnessed in metal and capital goods shares

SI Reporter Mumbai
After a flat, market is flat to negative with buying witnessed in metal and capital goods shares.

At 10.41am, the 30-share BSE Sensex is trading at 20,534 down 76 points while broader 50-share Nifty index is at 6,094 levels down 21 points.

ICICI Bank, Sun Pharma, Sesa Sterlite, Hindalco and BHEL are the top gainers at this hour while ITC, HDFC, TCS, Infosys and Tata Motors are the top laggards.

Broader markets are outperforming benchmarks with mid-cap and small-cap stocks up between between 0.1-0.2%.

Asian shares headed for a third straight session of gains, though Tokyo's Nikkei benchmark retreated from a six-month high as the yen recovered some of Monday's steep losses.
 
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent, building on a 0.3 percent rise in the previous session, though it faced resistance at its 50-day moving average.

Tokyo's Nikkei share average . shed 0.7 percent after it climbed 1.5 percent on Monday to within sight of a 5-1/2 year peak reached in May.

Oil prices stabilized on Tuesday after Monday's slide as traders questioned how quickly the Iranian nuclear accord could translate into higher supplies, while the yen came off a four-year trough against the euro.

Back home, among the BSE indices of industrial sectors, Capital Goods, up 1.1%, is leading the gains followed by Healthcare, Power, Consumer Durables, metals and realty are between 0.2-0.3%.

Kalpataru Power Transmission has surged 6% to Rs 82.90 in early morning deals on BSE after the company said it has received orders worth of over Rs 1,000 crore. The orders involve projects in Egypt, Rwanda and D.R.Congo.

Asian Paints may see a red tick as its wholly owned subsidiary; Asian Paints Industrial Coatings Ltd has closed down the operations of its powder coatings plant in Himachal Pradesh due to significant decline in the processing volume of powder coatings for the last two years.

Kalpataru Power is likely to see some gains as the company has secured orders worth Rs 1,007 crore. The first order is for a 500-kV D/C over-head transmission line worth Rs 630 crore in Egypt.

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First Published: Nov 26 2013 | 10:42 AM IST

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