The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, capital goods,Bankex, Oil and gas, metal, FMCG, Oil and gas indices are the gainers, while Power, healthcare,, realty indices are losers.
HDFC Bank, Wipro, Coal India, Axis Bank are among the gainers, whereas Cairn, HDFC, Adani Ports, ICICI bank are losing sheen on BSE.
Banks may continue to remain under pressure even as investors look to enter select counters at lower levels.The Dow rose 0.04%, the S&P 500 shed half a percent while Nasdaq lost 0.23%. Asian markets are mixed with China's Shanghai index trading over a percent higher and Hang Seng also notching up gains. Japan's Nikkei is however weak.
RBI Governor Raghuram Rajan said "We still have concerns about inflation. There is need to prepare for global financial market volatility, "The new CPI number may have lower weight for food. We will adhere to monetary policy dates 'as far as possible', adding that he was looking at 'entire package' of fiscal consolidation.
The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.
Standard & Poor's Ratings Services said that rating actions announced on Feb. 3, 2015 affecting certain U.K., German, Austrian, and Swiss banks are a timely reminder for governments in the Asia-Pacific region who are pondering changes to supportiveness for banks--as has been the case in Europe.
Shares of Jubilant Lifesciences hit 10% upper circuit at Rs171 after company posted Q3 results.
Shares of HUL was up 1% at Rs911 on reports that the company called bids to sell 6 apartments in Mumbai.
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