At 9:48AM, the S&P BSE Sensex is trading at 27,613 down 217 points, while NSE Nifty is trading at 8.289 down 66 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Consumer Durables indices is only the gainer, Auto, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, Realty indices are losers.
Bharti Airtel, Sun Pharma, HDFC, Tata Steel, M&M are among the gainers, whereas GAIL, Tata Motors, DRREDDY, Infosys, BHEL are losing sheen on BSE.
The Dow fell 1.51% while S&P 500 shed 1.64%. Nasdaq is down 1.73%. Asian shares are mixed. Japan's Nikkei 225 index and Hong Kong's Hang Seng index were lower while China's Shanghai index was trading higher.
Stocks like Jet Airways are soaring high in turbulent weather even as SpiceJet is struggling for a safe landing.
The Union Cabinet, chaired by the Prime Minister Narendra Modi, today approved the various amendments to the Electricity Act, 2003 as per the proposed Electricity (Amendment) Bill, 2014.
The cabinet approved plans to raise about Rs1.6 trn by selling some of its stakes in state-run banks by 2019, a government reportedly said.
The Reserve Bank of India (RBI) is planning come out with guidelines on refinance of existing projects as demanded by the industry, deputy governor S S Mundra reportedly said.
Shares of Spicejet Ltd was up 1% at Rs16 on reports that the airline started offering cut-price fares on some sectors.
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