At 2:35PM, the S&P BSE Sensex is trading at 27,396 down 205 points, while NSE Nifty is trading at 8,236 down 56 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Consumer Durables, Power, Banking, capital goods, Healthcare metal, Realty, FMCG, Oil and gas indices are the gainers, while FMCG, Auto indices are losers.
Bharti Airtel, Sun Pharma, Maruti, Infosys are among the gainers, whereas GAIL, M&M, BHEL, Tata Steel are losing sheen on BSE.
The government will release the Index of Industrial Production data for October 2014 which is expected to contract compared to October. Inflation based on Consumer Price Index for October 2014 will also be announced and expectations are that it will be well below 5%.
Pricol Ltd has announced that the Board of Directors of the Company at the meeting held on December 11, 2014 has proposed to acquire 99.99% of stake in a Brazil based auto component manufacturing company through its wholly owned subsidiary incorporated in Spain.
BMW India announces price increase of up to 5% across BMW and MINI product range from Jan 1, 2015, says report.
RBI Governor Raghuram Rajan said that the global economy is still weak, despite a strengthening recovery in the United States. The Euro area is veering close to recession, Japan has already experienced two quarters of negative growth after a tax hike, and many emerging markets are rethinking their export-led growth models as the industrial world stagnates. In the last couple of years, the IMF has repeatedly reduced its growth forecasts. After 6 years of a tepid post-crisis recovery, the IMF titled its most recent World Economic Outlook “Legacies, Clouds, Uncertainties”.
Shares of Bombay Dyeing and Mfg Company Ltd surged 5% to Rs72 after report said that company is planning to develop land at Lower Parel in Mumbai.
Shares of Alstom T&D India surged 4% at Rs466 after company bagged orders worth Rs246 cr.
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