The BSE Mid-cap Index is trading up 0.13% at 10,382, whereas BSE Small-cap Index is trading up 0.38% at 10,882.
After gaining in yesterday's trade, the market today has started the day on a tentative note, as the investor's are cautious ahead of futures & option expiry for the month of April tomorrow.
The BSE Sensex opened almost unchanged at 27,395 and the NSE Nifty was down ten points at 8,274 at the opening bell.
At 9:26 AM, the S&P BSE Sensex is trading at 27,350 down 47 points, while NSE Nifty is trading at 8,264 down 22 points.
The BSE Mid-cap Index is trading up 0.13% at 10,382, whereas BSE Small-cap Index is trading up 0.38% at 10,882.
Some buying activity is seen in healthcare, consumer durables and realty sectors, while IT, capital goods, oil& gas, fmcg and banking sector are showing weakness on BSE.
Sun Pharma, Dr. Reddy's Lab, NTPC, ICICI Bank and Axis Bank are among the gainers, whereas Bharti Airtel, Sesa Sterlite, ITC, TCS, Tata Motors and State Bank of India are losing sheen on BSE.
Sector rotations could take place as investors look to nibble into mostly large caps which have shed weight in recent times. Though many mid-caps have been pounded, it’s best to exercise caution on many of those counters for now. Sun Pharma could see some upmove after it got US FDA nod for painkiller Oxymorphone Hydrochloride. Telecom counters may ring differently with Bharti falling short of expectations while Idea managed a decent show in their quarterly numbers.
Biocon, HDFC, Axis Bank, Ambjuja Cements, TVS Motors and Hexaware Technologies are among the stocks which will be in focus today on account of their results. Ahead of the F&O expiry further short-covering could be witnessed in select counters today.
On Wall Street the Dow and S&P clocked gains while Nasdaq dipped marginally. Meanwhile, China's central bank has clarified that it is not planning to buy up local-government bonds as reported in a section of the press.
Reliance Power on Tuesday said its wholly owned subsidiary, Jharkhand Integrated Power Ltd (JIPL), has exited the 3,960 MW Tilaiya Ultra Mega Power Project blaming non-availability of land and issues related to forest clearances for cancelling the Power Purchase Agreement (PPA) signed with 18 power companies across 10 States.
Bharat Forge and Punj Lloyd have emerged as the only contenders for a Rs 16,800-crore mega contract to replace the ageing anti-aircraft guns of the Indian Army, says a report.
Even as the government back-tracked from its resolve to take up the GST bill for consideration today, and rescheduled it to next week, senior Congress leaders have decided to hold fresh rounds of strategy meeting on their stand after it sensed that two government friendly non-NDA parties — AIADMK and BJD — were playing hardball with the government on the crucial legislation, a report stated.
In Nifty-50 stocks - Sesa Sterlite has dropped over 2 percent at Rs. 207. ITC and Bharti Airtel have shed over 1.5 percent each at Rs. 332 and Rs. 394, respectively.
TCS, Bharti Airtel, HCL Technologies and Asian Paints are the other prominent losers.
On the other hand, Idea Cellular, Sun Pharma, Tata Steel and Lupin are the major gainers, up over a percent each at Rs. 194, Rs. 936, Rs. 376 and Rs 1,742, respectively.
The BSE Sensex opened almost unchanged at 27,395 and the NSE Nifty was down ten points at 8,274 at the opening bell.
At 9:26 AM, the S&P BSE Sensex is trading at 27,350 down 47 points, while NSE Nifty is trading at 8,264 down 22 points.
The BSE Mid-cap Index is trading up 0.13% at 10,382, whereas BSE Small-cap Index is trading up 0.38% at 10,882.
Some buying activity is seen in healthcare, consumer durables and realty sectors, while IT, capital goods, oil& gas, fmcg and banking sector are showing weakness on BSE.
Sun Pharma, Dr. Reddy's Lab, NTPC, ICICI Bank and Axis Bank are among the gainers, whereas Bharti Airtel, Sesa Sterlite, ITC, TCS, Tata Motors and State Bank of India are losing sheen on BSE.
Sector rotations could take place as investors look to nibble into mostly large caps which have shed weight in recent times. Though many mid-caps have been pounded, it’s best to exercise caution on many of those counters for now. Sun Pharma could see some upmove after it got US FDA nod for painkiller Oxymorphone Hydrochloride. Telecom counters may ring differently with Bharti falling short of expectations while Idea managed a decent show in their quarterly numbers.
Biocon, HDFC, Axis Bank, Ambjuja Cements, TVS Motors and Hexaware Technologies are among the stocks which will be in focus today on account of their results. Ahead of the F&O expiry further short-covering could be witnessed in select counters today.
On Wall Street the Dow and S&P clocked gains while Nasdaq dipped marginally. Meanwhile, China's central bank has clarified that it is not planning to buy up local-government bonds as reported in a section of the press.
Reliance Power on Tuesday said its wholly owned subsidiary, Jharkhand Integrated Power Ltd (JIPL), has exited the 3,960 MW Tilaiya Ultra Mega Power Project blaming non-availability of land and issues related to forest clearances for cancelling the Power Purchase Agreement (PPA) signed with 18 power companies across 10 States.
Bharat Forge and Punj Lloyd have emerged as the only contenders for a Rs 16,800-crore mega contract to replace the ageing anti-aircraft guns of the Indian Army, says a report.
Even as the government back-tracked from its resolve to take up the GST bill for consideration today, and rescheduled it to next week, senior Congress leaders have decided to hold fresh rounds of strategy meeting on their stand after it sensed that two government friendly non-NDA parties — AIADMK and BJD — were playing hardball with the government on the crucial legislation, a report stated.
In Nifty-50 stocks - Sesa Sterlite has dropped over 2 percent at Rs. 207. ITC and Bharti Airtel have shed over 1.5 percent each at Rs. 332 and Rs. 394, respectively.
TCS, Bharti Airtel, HCL Technologies and Asian Paints are the other prominent losers.
On the other hand, Idea Cellular, Sun Pharma, Tata Steel and Lupin are the major gainers, up over a percent each at Rs. 194, Rs. 936, Rs. 376 and Rs 1,742, respectively.
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