At 9:19AM, the S&P BSE Sensex is trading at 29,419 down 139 points, while NSE Nifty is trading at 8,884 down 29 points.
The BSE Mid-cap Index was down 0.13%, while BSE Small-cap Index was flat.
Realty, FMCG, oil and gas indices are the gainers, while Auto, healthcare metal, Consumer Durables, Power, banking, capital goods indices are the losers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
The Fed says economic activity continues to expand at a ‘solid pace’ and that labor-market conditions have improved. Inflation declines are related to the drop in the price of oil, the Fed acknowledged. The Fed said that even after employment and inflation get to their targets, "economic conditions, may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run."
Global cues are subdued but the damage on Nasdaq was minimized with Apple’s record sales of big-screen iPhones, which led to the company posting the largest quarterly profit in corporate history. In fact the cash reserves of Apple which is US$178billion is enough to buy out TCS, ONGC and RIL.
The Dow fell 1.13%, the S&P 500 shed 1.35% and Nasdaq lost 0.93%. Asian markets are mostly lower with Japan's Nikkei 225 flat and Hong Kong's Hang Seng index trading 0.80% lower. China's Shanghai index is down over a percent.
The Centre will sell up to 10% in Coal India on Friday, a transaction that could fetch as much as Rs 24,000 crore, more than half the selloff target of Rs 43,425 crore for FY15. It has raised only Rs 1,700 crore till now, a report stated.
The gains of the Sensex in the past 10 trading sessions was largely driven by banks after the RBI's rate cut. Over 20% of the Sensex gains came from HDFC alone, says a report. Meanwhile, the Cabinet Committee on Economic Affairs approved HDFC Bank's capital-raising plan that would result in an inflow of foreign investment worth Rs 10,000 crore.
The BSE Mid-cap Index was down 0.13%, while BSE Small-cap Index was flat.
Realty, FMCG, oil and gas indices are the gainers, while Auto, healthcare metal, Consumer Durables, Power, banking, capital goods indices are the losers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
The Fed says economic activity continues to expand at a ‘solid pace’ and that labor-market conditions have improved. Inflation declines are related to the drop in the price of oil, the Fed acknowledged. The Fed said that even after employment and inflation get to their targets, "economic conditions, may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run."
Global cues are subdued but the damage on Nasdaq was minimized with Apple’s record sales of big-screen iPhones, which led to the company posting the largest quarterly profit in corporate history. In fact the cash reserves of Apple which is US$178billion is enough to buy out TCS, ONGC and RIL.
The Dow fell 1.13%, the S&P 500 shed 1.35% and Nasdaq lost 0.93%. Asian markets are mostly lower with Japan's Nikkei 225 flat and Hong Kong's Hang Seng index trading 0.80% lower. China's Shanghai index is down over a percent.
The Centre will sell up to 10% in Coal India on Friday, a transaction that could fetch as much as Rs 24,000 crore, more than half the selloff target of Rs 43,425 crore for FY15. It has raised only Rs 1,700 crore till now, a report stated.
The gains of the Sensex in the past 10 trading sessions was largely driven by banks after the RBI's rate cut. Over 20% of the Sensex gains came from HDFC alone, says a report. Meanwhile, the Cabinet Committee on Economic Affairs approved HDFC Bank's capital-raising plan that would result in an inflow of foreign investment worth Rs 10,000 crore.
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