At 2:11 PM (IST), 30-share BSE Sensex is 113.62 points down at 19325.86 as compared to 18 points higher at 19,457.94 in the early morning trade.
The 50-share NSE index CNX Nifty is 35.30 points down at 5,823.70 as against its earlier level of 16.15 points at 5,875.
The Sensex touched a high of 19,505.93 and a low of 19312.85.
Trading is subdued after data showed Chinese exports fell for the first time since January 2012. According to analysts, the market is likely to take cues from rupee movement and Q1 earnings in the near term.
BSE Mid-cap is 17.68 down at 6,014.75, while BSE Small-cap is 2.58 points down at 5,709.50.
Consumer Durables, IT, Teck and Healthcare are the gainers, while Bankex, Power, PSU, Capital Goods, Realty, Metal, Oil & Gas, FMCG and Auto are the losers.
Wipro (1.28%), Tata Power (0.82%), ICICI Bank (0.61%), Infosys (0.45%) and Jindal Steel (0.05%) are leading, whereas Bajaj Auto (2.49%), Hindalco (2.13%), HUL (2.06%), ONGC (1.67%), M&M (1.66%), Tata Steel (1.64%), Tata Motors (1.44%), BHEL (1.29%), HDFC Bank (1.21%), Dr Reddy's Lab (1.16%), Gail (1.01%) and Sterlite (0.83%) are seeing some weakness.
The partially convertible rupee is currently trading at 60.19 against the dollar.
The Reserve bank of India (RBI) has asked each state-run oil company to buy dollars from a single public sector bank in order to bring in stability in the volatile currency market, according to media report.
The RBI on Tuesday issued orders to Indian Oil, Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery to stop seeking quotes from several banks for their $8-8.5 billion monthly US dollar requirement, the report further said.
Dealers are of the opinion that oil companies in India are the major buyers of dollars, so keeping down the number of people who know they are seeking dollars could help contain the rupee's volatility, the report added.
Japan's Nikkei 225 Index closed 56.30 points down at 14,416.60 and Hong Kong's Hang Seng Index closed 1.07% points higher at 20,904.60.
IMF cut India’s growth rate forecast by 0.2% to 5.6% in FY2014 as it did to global growth forecast from 3.3% to 3.1%. his move was largely expected and may be overlooked by investors. What investors will look out for is the FOMC minutes which will be released today. This will be followed by Ben Bernanke’s speech in Cambridge.
The Indian market may remain in a range ahead of the developments in anticipation of some comforting notes from Bernanke.
The 50-share NSE index CNX Nifty is 35.30 points down at 5,823.70 as against its earlier level of 16.15 points at 5,875.
The Sensex touched a high of 19,505.93 and a low of 19312.85.Trading is subdued after data showed Chinese exports fell for the first time since January 2012. According to analysts, the market is likely to take cues from rupee movement and Q1 earnings in the near term.
BSE Mid-cap is 17.68 down at 6,014.75, while BSE Small-cap is 2.58 points down at 5,709.50.
Consumer Durables, IT, Teck and Healthcare are the gainers, while Bankex, Power, PSU, Capital Goods, Realty, Metal, Oil & Gas, FMCG and Auto are the losers.
Wipro (1.28%), Tata Power (0.82%), ICICI Bank (0.61%), Infosys (0.45%) and Jindal Steel (0.05%) are leading, whereas Bajaj Auto (2.49%), Hindalco (2.13%), HUL (2.06%), ONGC (1.67%), M&M (1.66%), Tata Steel (1.64%), Tata Motors (1.44%), BHEL (1.29%), HDFC Bank (1.21%), Dr Reddy's Lab (1.16%), Gail (1.01%) and Sterlite (0.83%) are seeing some weakness.
The partially convertible rupee is currently trading at 60.19 against the dollar.
The Reserve bank of India (RBI) has asked each state-run oil company to buy dollars from a single public sector bank in order to bring in stability in the volatile currency market, according to media report.
The RBI on Tuesday issued orders to Indian Oil, Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery to stop seeking quotes from several banks for their $8-8.5 billion monthly US dollar requirement, the report further said.
Dealers are of the opinion that oil companies in India are the major buyers of dollars, so keeping down the number of people who know they are seeking dollars could help contain the rupee's volatility, the report added.
Japan's Nikkei 225 Index closed 56.30 points down at 14,416.60 and Hong Kong's Hang Seng Index closed 1.07% points higher at 20,904.60.
IMF cut India’s growth rate forecast by 0.2% to 5.6% in FY2014 as it did to global growth forecast from 3.3% to 3.1%. his move was largely expected and may be overlooked by investors. What investors will look out for is the FOMC minutes which will be released today. This will be followed by Ben Bernanke’s speech in Cambridge.
The Indian market may remain in a range ahead of the developments in anticipation of some comforting notes from Bernanke.
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