The CNX Midcap and Smallcap indices are out-performing the NSE Nifty in early morning deals.
The market started the day on a positive note, on the back of positive CPI inflation data and firm global cues.
The CPI inflation slowed down to three-month lows of 5.2 percent in March 2015 (new base 2012=100) from 5.4 percent in February 2015. Food items were major contributors to the CPI inflation decline in March 2015.
The BSE Sensex opened higher by 43-odd points at 29,087 and the NSE Nifty was up ten points at 8,844 at the opening bell.
The key benchmark indices soon pared early gains and slipped into the negative zone, owing to weakness in metal, pharma and auto shares.
The BSE Sensex and the NSE Nifty touched a low at 29,000 and 8,812, respectively.
Currently, the Sensex is down 37 points at 29,007 and the Nifty-50 shares index is down ten points at 8,824.
The broader indices are out-performing the CNX Nifty index, the Midcap and Smallcap indices have gained 0.3 percent each at 13,700 and 6,079, respectively.
Among sectors, the CNX Pharma and Auto indices have declined over 0.5 percent each at 13,640 and 8,766, respectively. The Metal index also moved down 0.3 percent at 2,479.
On the other hand, Bank Nifty index has gained 0.5 percent at 18,898 and the FMCG index has added 0.3 percent at 21,520.
In the Nifty-50 stocks - Mahindra & Mahindra is the top loser, down over 2 percent at Rs. 1,221. Bharti Airtel and Sun Pharma have dropped almost 2 percent each at Rs. 417 and Rs. 1,129, respectively.
Tata Motors, Idea Cellular, HDFC, HCL Technologies and Coal India are the other significant losers.
On the other hand, ACC has jumped 2 percent at Rs. 1,628. IndusInd Bank, Zee Entertainment, Sesa Sterlite, Kotak Bank and Punjab National Bank have also spurted over a percent each.
The CPI inflation slowed down to three-month lows of 5.2 percent in March 2015 (new base 2012=100) from 5.4 percent in February 2015. Food items were major contributors to the CPI inflation decline in March 2015.
The BSE Sensex opened higher by 43-odd points at 29,087 and the NSE Nifty was up ten points at 8,844 at the opening bell.
The key benchmark indices soon pared early gains and slipped into the negative zone, owing to weakness in metal, pharma and auto shares.
The BSE Sensex and the NSE Nifty touched a low at 29,000 and 8,812, respectively.
Currently, the Sensex is down 37 points at 29,007 and the Nifty-50 shares index is down ten points at 8,824.
The broader indices are out-performing the CNX Nifty index, the Midcap and Smallcap indices have gained 0.3 percent each at 13,700 and 6,079, respectively.
Among sectors, the CNX Pharma and Auto indices have declined over 0.5 percent each at 13,640 and 8,766, respectively. The Metal index also moved down 0.3 percent at 2,479.
On the other hand, Bank Nifty index has gained 0.5 percent at 18,898 and the FMCG index has added 0.3 percent at 21,520.
In the Nifty-50 stocks - Mahindra & Mahindra is the top loser, down over 2 percent at Rs. 1,221. Bharti Airtel and Sun Pharma have dropped almost 2 percent each at Rs. 417 and Rs. 1,129, respectively.
Tata Motors, Idea Cellular, HDFC, HCL Technologies and Coal India are the other significant losers.
On the other hand, ACC has jumped 2 percent at Rs. 1,628. IndusInd Bank, Zee Entertainment, Sesa Sterlite, Kotak Bank and Punjab National Bank have also spurted over a percent each.
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