The BSE Mid-cap Index is trading down 0.64% at 10,975, whereas BSE Small-cap Index is trading down 0.44% at 11,407.
With indices hitting new highs recently, and the big events of the budget and surprise rate cut over, opportunities are not going to come easy for the market. Before the result season kicks in, we are already hearing voices of concern to temper any better expectations. Infosys will reportedly announce its numbers later than usual while TCS will be in focus today after its CFO said that its results will be in line with last year following weakness in the energy segment.
At 9:30 AM, the S&P BSE Sensex is trading at 29,144 down 306 points, while NSE Nifty is trading at 8,843 down 95 points.
The BSE Mid-cap Index is trading down 0.64% at 10,975, whereas BSE Small-cap Index is trading down 0.44% at 11,407.
Some buying activity is seen healthcare sector, while banking, capital goods, IT, auto and power sectors are showing weakness on BSE.
Dr Reddy's Lab, HUL and Coal India are among the gainers, whereas Adani Power, Idea Cellular, TCS, Unitech and Yes Bank are losing sheen on BSE.
Global cues have nothing to suggest an immediate upmove. ECB will commence its monthly US$66.3bn bond purchases today. The events unfolding in Greece will be eyed. The ECB stimulus US stocks were lower on Friday on reports that US Federal Reserve could raise interest rates sooner than anticipated. Nonfarm payrolls rose 295,000 last month, after a downwardly revised 239,000 gain in January. Asian markets are mostly lower. Japan’s Nikkei has lost almost a percent while Hang Seng is down over 1%. China’s Shanghai is also in the red.
Hindalco and Jindal Power could be in focus after they bagged a mine each during the coal auctions on the third day. Concerns of US sanctions for dealing with Iran could take hit sentiment of IOC, ONGC and OIL.
The Foreign portfolio investors (FPIs) have bought shares worth a net amount of Rs. 31,256 crore till March 5 this year, while in the debt segment, their net inflows stand at Rs. 37,296 crore, taking the total to Rs. 68,552 crore (USD 11.08 billion), as per the data compiled by the Central Depository Services Ltd (CDSL), says a report.
TCS, RIL, HDFC Bank and HDFC also saw rise in m-cap, while ITC, ONGC, Infosys, CIL and SBI shed weight. The m-cap of Sun Pharma surged Rs. 26,162.98 crore to Rs. 2,14,845.98 crore, the biggest gain among the top - 10 Sensex firms, says a report.
With a view to encourage availability of affordable housing to such borrowers, RBI has decided that in cases where the cost of the house/dwelling unit does not exceed Rs.10 lakh, banks may add stamp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating LTV ratio.
The broader indices are under-performing the CNX Nifty index, the Midcap index has declined over 0.5 per cent at 13,261. The Nifty Junior and Smallcap indices are also down 0.4 per cent each at 3,453 and 19,900, respectively.
All sectoral indices are trading in red, the Bank Nifty, IT, Infra, PSU Bank and Auto indices are the top losers.
Hindalco is the top loser in the Nifty space, down nearly 4 per cent at Rs. 142, despite winning Dumri coal block.
Axis Bank, UltraTech Cement, ICICI Bank, Kotak Bank and Sesa Sterlite are some of the other significant losers.
With indices hitting new highs recently, and the big events of the budget and surprise rate cut over, opportunities are not going to come easy for the market. Before the result season kicks in, we are already hearing voices of concern to temper any better expectations. Infosys will reportedly announce its numbers later than usual while TCS will be in focus today after its CFO said that its results will be in line with last year following weakness in the energy segment.At 9:30 AM, the S&P BSE Sensex is trading at 29,144 down 306 points, while NSE Nifty is trading at 8,843 down 95 points.
The BSE Mid-cap Index is trading down 0.64% at 10,975, whereas BSE Small-cap Index is trading down 0.44% at 11,407.
Some buying activity is seen healthcare sector, while banking, capital goods, IT, auto and power sectors are showing weakness on BSE.
Dr Reddy's Lab, HUL and Coal India are among the gainers, whereas Adani Power, Idea Cellular, TCS, Unitech and Yes Bank are losing sheen on BSE.
Global cues have nothing to suggest an immediate upmove. ECB will commence its monthly US$66.3bn bond purchases today. The events unfolding in Greece will be eyed. The ECB stimulus US stocks were lower on Friday on reports that US Federal Reserve could raise interest rates sooner than anticipated. Nonfarm payrolls rose 295,000 last month, after a downwardly revised 239,000 gain in January. Asian markets are mostly lower. Japan’s Nikkei has lost almost a percent while Hang Seng is down over 1%. China’s Shanghai is also in the red.
Hindalco and Jindal Power could be in focus after they bagged a mine each during the coal auctions on the third day. Concerns of US sanctions for dealing with Iran could take hit sentiment of IOC, ONGC and OIL.
The Foreign portfolio investors (FPIs) have bought shares worth a net amount of Rs. 31,256 crore till March 5 this year, while in the debt segment, their net inflows stand at Rs. 37,296 crore, taking the total to Rs. 68,552 crore (USD 11.08 billion), as per the data compiled by the Central Depository Services Ltd (CDSL), says a report.
TCS, RIL, HDFC Bank and HDFC also saw rise in m-cap, while ITC, ONGC, Infosys, CIL and SBI shed weight. The m-cap of Sun Pharma surged Rs. 26,162.98 crore to Rs. 2,14,845.98 crore, the biggest gain among the top - 10 Sensex firms, says a report.
With a view to encourage availability of affordable housing to such borrowers, RBI has decided that in cases where the cost of the house/dwelling unit does not exceed Rs.10 lakh, banks may add stamp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating LTV ratio.
The broader indices are under-performing the CNX Nifty index, the Midcap index has declined over 0.5 per cent at 13,261. The Nifty Junior and Smallcap indices are also down 0.4 per cent each at 3,453 and 19,900, respectively.
All sectoral indices are trading in red, the Bank Nifty, IT, Infra, PSU Bank and Auto indices are the top losers.
Hindalco is the top loser in the Nifty space, down nearly 4 per cent at Rs. 142, despite winning Dumri coal block.
Axis Bank, UltraTech Cement, ICICI Bank, Kotak Bank and Sesa Sterlite are some of the other significant losers.
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