Shares of IT and realty firms pulled down the benchmark share indices on a day when investors chose to book profits. Market sentiments were further impacted following the lacklustre US jobs report which points to an ongoing slump.
At 2.26 p.m., the Sensex was trading at 20,864.97, down 0.87 per cent or 181.51 points from yesterday's close. The Nifty index was down by 0.92 per cent at 6,145.50.
All sectoral indices were in the red on the BSE. Top losers were Realty (2.44 per cent), Power (1.82 per cent), Auto (1.65 per cent) and IT (1.2 per cent).
IT shares felt the pinch as the rupee appreciated to the US dollar today. Around 3 p.m., the rupee was up by 8 paise to 61.55 against the dollar.
GAIL, Cipla, SBI, Cipla, L&T and HUL were the top five Sensex gainers, while the top five losers were Wipro, NTPC, Bajaj Auto, Sun Pharma and BHEL.
As per data released by US labour department, the world’s largest economy added 148,000 jobs in September, less than what was being anticipated by economists.
A Religare Institutional Research report on India’s macroeconomics said that “growth conditions have been worsening, with rising inflationary pressures as the RBI keeps interest rates high. We believe the central bank will maintain a pause on the repo in its October 29th policy meet, but do not rule out the possibility of a rate hike in the December credit meeting. Separately, last week’s MSP hikes for rabi crops are lower for FY'15. Wheat, a major rabi crop, has seen only a 3.7 per cent rise, much lower than its six-year average of about 11 per cent, as inflation remains stubbornly high.”
European stocks fell from a five-year high as investors remained cautious ahead of euro zone consumer confidence data to be released later today.
Stoxx 50 fell 23.42 points or 0.77 per cent to 3,022.35, FTSE 100 shed 28.94 points or 0.43 per cent to 6,666.72 and DAX was down 40.36 points or 0.45 per cent at 8,907.10.
Asian stocks were down as Chinese money market rates surged, while the Australian dollar reversed gains and commodities dropped.
Japan's Nikkei plunged 287.20 points or 1.95 per cent to 14,426, Hong Kong's Hang Seng shed 129.33 points or 0.55 per cent to 23,186.70 and Australia's S&P/ASX 200 was down 17.05 points or 0.32 per cent at 5,356.10.
At 2.26 p.m., the Sensex was trading at 20,864.97, down 0.87 per cent or 181.51 points from yesterday's close. The Nifty index was down by 0.92 per cent at 6,145.50.
All sectoral indices were in the red on the BSE. Top losers were Realty (2.44 per cent), Power (1.82 per cent), Auto (1.65 per cent) and IT (1.2 per cent).
IT shares felt the pinch as the rupee appreciated to the US dollar today. Around 3 p.m., the rupee was up by 8 paise to 61.55 against the dollar.
GAIL, Cipla, SBI, Cipla, L&T and HUL were the top five Sensex gainers, while the top five losers were Wipro, NTPC, Bajaj Auto, Sun Pharma and BHEL.
As per data released by US labour department, the world’s largest economy added 148,000 jobs in September, less than what was being anticipated by economists.
A Religare Institutional Research report on India’s macroeconomics said that “growth conditions have been worsening, with rising inflationary pressures as the RBI keeps interest rates high. We believe the central bank will maintain a pause on the repo in its October 29th policy meet, but do not rule out the possibility of a rate hike in the December credit meeting. Separately, last week’s MSP hikes for rabi crops are lower for FY'15. Wheat, a major rabi crop, has seen only a 3.7 per cent rise, much lower than its six-year average of about 11 per cent, as inflation remains stubbornly high.”
European stocks fell from a five-year high as investors remained cautious ahead of euro zone consumer confidence data to be released later today.
Stoxx 50 fell 23.42 points or 0.77 per cent to 3,022.35, FTSE 100 shed 28.94 points or 0.43 per cent to 6,666.72 and DAX was down 40.36 points or 0.45 per cent at 8,907.10.
Asian stocks were down as Chinese money market rates surged, while the Australian dollar reversed gains and commodities dropped.
Japan's Nikkei plunged 287.20 points or 1.95 per cent to 14,426, Hong Kong's Hang Seng shed 129.33 points or 0.55 per cent to 23,186.70 and Australia's S&P/ASX 200 was down 17.05 points or 0.32 per cent at 5,356.10.
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