Markets slipped into negative terrain in late noon deals weighed down by profit taking in bank shares.
At 2:15PM, the Sensex was down 46 points at 19,805 and the Nifty was down 24 points at 5,931.
Asian shares ended mixed on Wednesday ahead of a congressional testimony by Federal Reserve Chairman Ben Bernanke, which could offer clarity on when the U.S. central bank will reduce its stimulus, while the dollar came off a three-week low. The Shanghai Composite and Straits Times ended marginally lower while Nikkei and Hang Seng ended up 0.1-0.3% each.
European markets have started off marginally higher with all the major indices trading in the green. DAX and FTSE were trading marginally higher while the CAC was trading flat with negative bias.
BSE FMCG index was the top gainer among the sectoral indices on the BSE, up 1.8% followed by oil and gas indices. Most other indices were trading lower with Realty, Bankex and Capital Goods indices among the top losers.
Sensex gains were led by FMCG majors ITC and Hindustan Unilever up 2-5% each. Software majors such as Infosys and TCS were up 0.6-1.5% each.
Other Sensex gainers include, Reliance Industries and HDFC.
Bank shares extended losses after the Reserve Bank of India (RBI) announced a slew of measures to address exchange rate volatility. ICICI Bank, HDFC Bank and SBI were down 1.5-2.7% each.
Auto majors Tata Motors and Maruti Suzuki were down 1.5-3.7% each.
Among other stocks, Eicher Motors is trading higher by nearly 3% at Rs 3,894 after the overseas investors have increased their stake in the company by over 3 percentage points during April-June quarter.
The BSE Mid-cap and Small-cap indices were trading marginally lower.
At 2:15PM, the Sensex was down 46 points at 19,805 and the Nifty was down 24 points at 5,931.
Asian shares ended mixed on Wednesday ahead of a congressional testimony by Federal Reserve Chairman Ben Bernanke, which could offer clarity on when the U.S. central bank will reduce its stimulus, while the dollar came off a three-week low. The Shanghai Composite and Straits Times ended marginally lower while Nikkei and Hang Seng ended up 0.1-0.3% each.
European markets have started off marginally higher with all the major indices trading in the green. DAX and FTSE were trading marginally higher while the CAC was trading flat with negative bias.
BSE FMCG index was the top gainer among the sectoral indices on the BSE, up 1.8% followed by oil and gas indices. Most other indices were trading lower with Realty, Bankex and Capital Goods indices among the top losers.
Sensex gains were led by FMCG majors ITC and Hindustan Unilever up 2-5% each. Software majors such as Infosys and TCS were up 0.6-1.5% each.
Other Sensex gainers include, Reliance Industries and HDFC.
Bank shares extended losses after the Reserve Bank of India (RBI) announced a slew of measures to address exchange rate volatility. ICICI Bank, HDFC Bank and SBI were down 1.5-2.7% each.
Auto majors Tata Motors and Maruti Suzuki were down 1.5-3.7% each.
Among other stocks, Eicher Motors is trading higher by nearly 3% at Rs 3,894 after the overseas investors have increased their stake in the company by over 3 percentage points during April-June quarter.
The BSE Mid-cap and Small-cap indices were trading marginally lower.
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