The BSE Mid-cap Index is trading up 0.28% at 10,891, whereas BSE Small-cap Index is trading up 0.44% at 11,369.
The market has been in struggle zone after it surged to new highs intra-day last week after a surprise rate hike. The Nifty and Bank Nifty are finding it difficult to even close in the green. The strengthening of the dollar has been taking its toll on most emerging markets too. Commodities are going for a toss and a surging US dollar has pulled oil prices on Tuesday to their lowest settlement for the month of March.
At 9:31 AM, the S&P BSE Sensex is trading at 28,771 up 61 points, while NSE Nifty is trading at 8,726 up 14 points.
The BSE Mid-cap Index is trading up 0.28% at 10,891, whereas BSE Small-cap Index is trading up 0.44% at 11,369.
Some buying activity is seen in Consumer durable, realty, bankeex, capital goods, IT and oil and gas sectors, while fmcg and metal sectors are showing weakness on BSE.
Wipro, Tata Power, State Bank of India, Tata Motors and Tata steel are among the gainers, whereas Cairn India, NMDC, Jindal steel, Lupin and Adani Ports are losing sheen on BSE.
The Lok Sabha passed the land acquisition Bill on Tuesday but things could get difficult in the Rajya Sabha. The Opposition has stalled passage of the mines & minerals Bill. Housing companies and infra firms will be in focus. Reforms could take a back seat as Opposition is set to stall the government’s plan to call for a joint sitting.
The country’s current account deficit (CAD) narrowed to USD 8.2bn or 1.6 percent of GDP in Q3 of 2014-15 from USD 10.1 billion or 2 percent of GDP in Q2. The reduction in the CAD in Q3 2014-15 was primarily on account of net exports of services which picked up in q-o-q terms on the back of an improvement in net earnings.
Maruti Suzuki could shed weight as it is recalling over 33,000 units of the Alto to fix a problem with the right-hand door.
In a first, bid levels for the spectrum auction fell by around Rs 2,000 crore to close Tuesday at Rs 92,000 crore, as steep prices in the key 900 Mhz band forced operators to reduce the amount of airwaves they were vying for, thus leaving some spectrum unsold and reducing revenue assured for the government, says a report.
Cairn Energy said it is engaged with the Indian Government to resolve a tax dispute that has stalled sale of its 10 per cent stake in Cairn India Ltd and led to 40 per cent job cuts.
According to SIAM data, the domestic passenger car sales was up by 6.85% to 1,71,727 units in February this year. The motorcycle sales in last month were down by 8.22% to 7,74,122 units from 8,43,436 units in the same month
previous year, SIAM data says.
L&T’s Metallurgical and Material Handling (L&T-MMH) business has secured orders worth Rs 1,242 crores across various business segments during Q4 of FY 14-15.
The market has been in struggle zone after it surged to new highs intra-day last week after a surprise rate hike. The Nifty and Bank Nifty are finding it difficult to even close in the green. The strengthening of the dollar has been taking its toll on most emerging markets too. Commodities are going for a toss and a surging US dollar has pulled oil prices on Tuesday to their lowest settlement for the month of March.At 9:31 AM, the S&P BSE Sensex is trading at 28,771 up 61 points, while NSE Nifty is trading at 8,726 up 14 points.
The BSE Mid-cap Index is trading up 0.28% at 10,891, whereas BSE Small-cap Index is trading up 0.44% at 11,369.
Some buying activity is seen in Consumer durable, realty, bankeex, capital goods, IT and oil and gas sectors, while fmcg and metal sectors are showing weakness on BSE.
Wipro, Tata Power, State Bank of India, Tata Motors and Tata steel are among the gainers, whereas Cairn India, NMDC, Jindal steel, Lupin and Adani Ports are losing sheen on BSE.
The Lok Sabha passed the land acquisition Bill on Tuesday but things could get difficult in the Rajya Sabha. The Opposition has stalled passage of the mines & minerals Bill. Housing companies and infra firms will be in focus. Reforms could take a back seat as Opposition is set to stall the government’s plan to call for a joint sitting.
The country’s current account deficit (CAD) narrowed to USD 8.2bn or 1.6 percent of GDP in Q3 of 2014-15 from USD 10.1 billion or 2 percent of GDP in Q2. The reduction in the CAD in Q3 2014-15 was primarily on account of net exports of services which picked up in q-o-q terms on the back of an improvement in net earnings.
Maruti Suzuki could shed weight as it is recalling over 33,000 units of the Alto to fix a problem with the right-hand door.
In a first, bid levels for the spectrum auction fell by around Rs 2,000 crore to close Tuesday at Rs 92,000 crore, as steep prices in the key 900 Mhz band forced operators to reduce the amount of airwaves they were vying for, thus leaving some spectrum unsold and reducing revenue assured for the government, says a report.
Cairn Energy said it is engaged with the Indian Government to resolve a tax dispute that has stalled sale of its 10 per cent stake in Cairn India Ltd and led to 40 per cent job cuts.
According to SIAM data, the domestic passenger car sales was up by 6.85% to 1,71,727 units in February this year. The motorcycle sales in last month were down by 8.22% to 7,74,122 units from 8,43,436 units in the same month
previous year, SIAM data says.
L&T’s Metallurgical and Material Handling (L&T-MMH) business has secured orders worth Rs 1,242 crores across various business segments during Q4 of FY 14-15.
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