At 9:19AM, the S&P BSE Sensex is trading at 27,187 down 132 points, while NSE Nifty is trading at 8,182 down 37 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading down at 0.23% and 0.29%.
IT, Teck indices are the gainers, while Auto, Consumer Durables, Power, banking, Capital goods, FMCG, Oil and gas indices, Healthcare Metal, Realty indices are losers.
Infosys, Reliance, Tata Steel, TCS are among the gainers, whereas ITC, Hindalco, ONGC, ICICI Bank and Bharti Airtel are losing sheen on BSE.
In what is seen as a breakthrough, the government will try and move the constitutional amendment Bill to facilitate the levy in the ongoing winter session of Parliament to pave the way for rolling out the single tax from April 1, 2016, says a report. The Centre and the states reached a broad consensus late Monday night on the contours of the goods & services tax (GST), the report added.
The Reserve Bank of India has allowed banks to be flexible in lending to existing projects, in line with cash flows available for debt refinancing. This facility will also be available for non-performing loans.
US market ended in the red. Asian indices are also trading lower. Japan's Nikkei is down almost 2% while Hong Kong's Hang Seng has lost half a percent. China's Shanghai index is flat.
The next Rail Budget to be presented early next year may contain a proposal for raising fares, according to reports. New Railway Minister Suresh Prabhu reportedly said that “some burden has to be shared by people.”
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