Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are losers.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are losers.
Cairn, Crompton Greaves, ONGC, PNB are among the gainers, whereas GAIL, Tata Steel, Tata Power, HEROMOTOCO, M&M, ICICI Bank indices are losers.
Madras Rubber Factory and Onkar Kanwar led Apollo Tyres are in race to acquire the main tyre unit of BK Birla flagship Kesoram Industries, according to reports.Report said that two companies is raising the possibility of bidding war for the factory which is located in Uttarkhand.
CCI has approved JSW Energy's proposed Rs 9,700 crore acquisition of two hydro-electric projects from Jaiprakash Power Ventures, according to reports.
Global cues are not that bad. One can hope that the market stages some recovery after the initial jitters. Oil & Gas and OMCs will again be in focus with crude prices steadily climbing. A host of companies announced their results over the weekend. L&T in particular will be in focus on account of its results. Investors could look at cherry-picking some counters in case of a crash.
US jobs report was better than expected and investors interpret that Fed will increase interest rates by mid-year. Greece's debt negotiations continue to cast a shadow in the Euro zone. Greece's prime minister, Alexis Tsipras, said he would not accept an extension to Greece's current bailout even as Euro zone finance ministers are waiting to hear on Feb. 11 how Greece wants to become financially independent. Greece must apply for a bailout extension by Feb. 16 at the latest to ensure that the euro zone keeps backing it financially, a report stated.
The Dow and S&P 500 fell 0.34% while Nasdaq lost 0.43%. Asian markets are mixed with Nikkei trading higher for now while Hong Kong's Hang Seng and China's Shanghai index are both down around half a percent.
Prime Minister Narendra Modi promised more funds to states with greater powers on their utilisation, even as he asked them to address issues delaying projects at the Niti Aayog meet on Sunday.
Axis Bank will seek shareholders' approval for raising up to Rs 15,000 crore. Even though the indices closed weak, the combined market capitalisation of top-five Sensex companies rose by Rs. 36,780.23 crore last week. The gainers among the top-10 companies include ITC, CIL and HDFC, while those that suffered losses were ONGC, RIL, HDFC Bank, SBI and HUL, says a report
At 10:10AM, the S&P BSE Sensex is trading at 28,373 down 344 points, while NSE Nifty is trading at 8,5555 down 105 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are losers.
Cairn, Crompton Greaves, ONGC, PNB are among the gainers, whereas GAIL, Tata Steel, Tata Power, HEROMOTOCO, M&M, ICICI Bank indices are losers.
Madras Rubber Factory and Onkar Kanwar led Apollo Tyres are in race to acquire the main tyre unit of BK Birla flagship Kesoram Industries, according to reports.Report said that two companies is raising the possibility of bidding war for the factory which is located in Uttarkhand.
CCI has approved JSW Energy's proposed Rs 9,700 crore acquisition of two hydro-electric projects from Jaiprakash Power Ventures, according to reports.
Global cues are not that bad. One can hope that the market stages some recovery after the initial jitters. Oil & Gas and OMCs will again be in focus with crude prices steadily climbing. A host of companies announced their results over the weekend. L&T in particular will be in focus on account of its results. Investors could look at cherry-picking some counters in case of a crash.
US jobs report was better than expected and investors interpret that Fed will increase interest rates by mid-year. Greece's debt negotiations continue to cast a shadow in the Euro zone. Greece's prime minister, Alexis Tsipras, said he would not accept an extension to Greece's current bailout even as Euro zone finance ministers are waiting to hear on Feb. 11 how Greece wants to become financially independent. Greece must apply for a bailout extension by Feb. 16 at the latest to ensure that the euro zone keeps backing it financially, a report stated.
The Dow and S&P 500 fell 0.34% while Nasdaq lost 0.43%. Asian markets are mixed with Nikkei trading higher for now while Hong Kong's Hang Seng and China's Shanghai index are both down around half a percent.
Prime Minister Narendra Modi promised more funds to states with greater powers on their utilisation, even as he asked them to address issues delaying projects at the Niti Aayog meet on Sunday.
Axis Bank will seek shareholders' approval for raising up to Rs 15,000 crore. Even though the indices closed weak, the combined market capitalisation of top-five Sensex companies rose by Rs. 36,780.23 crore last week. The gainers among the top-10 companies include ITC, CIL and HDFC, while those that suffered losses were ONGC, RIL, HDFC Bank, SBI and HUL, says a report
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