The BSE Mid-cap Index is trading down 0.39% at 10,565, whereas BSE Small-cap Index is trading down 0.25% at 11,282.
At 9:29 AM, the S&P BSE Sensex is trading at 27,659 down 76 points, while NSE Nifty is trading at 8,365 down 33 points.
The BSE Mid-cap Index is trading down 0.39% at 10,565, whereas BSE Small-cap Index is trading down 0.25% at 11,282.
Some buying activity is seen in IT sector, while banking, consumer durable goods, metal, oil & gas and auto sectors are showing weakness on BSE.
Infosys, Tata Motors, ITC, Wipro and Sun Pharmaceuticals are among the gainers, whereas Sesa Sterlite, Axis Bank, HDFC, HUL and Hindalco are losing sheen on BSE.
There are many issues at hand the market may be grappling with. MAT is an issue which will continue to keep investors edgy. Manufacturing data emanating from China and Japan are showing softness but stock markets have a different take on that as they expect more policy stimulus on account of the slowdown.
IT major Infosys will declare its numbers today. With Wipro reporting a weaker than expected 1.2% qoq constant currency dollar revenue growth in its IT services segment and an overall muted revenue performance by the company, the investors would be keenly watching out for Infosys. Cross currency movements would affect growth. Crompton Greaves Says Avantha Holdings has proposed to sell consumer electricals business to Advent for Rs. 2000Cr.
Global cues are mixed. US stocks closed higher with Nasdaq hitting an all-time high of 5073.09. Asian markets are mostly lower. Japan's Nikkei is down while Hong Kong's Hang Seng index is up. China's Shanghai index is also trading lower.
Moody's Investors Service says that the finalization by members of the Association of Southeast Asian Nations (ASEAN) of tariff liberalization by the end of 2015 is credit positive for the region and will boost intra-regional trade and economic growth.
Capgemini is planning to acquire Nasdaq-listed Igate, says a report. If the deal is done, it will be one of the biggest M&As in the IT services space.
Cyient Ltd has posted a net profit after taxes, share in profit of associate and minority interest of Rs. 936.90 million for the Quarter ended March 31, 2015 whereas the same was at Rs. 698.30 million for the Quarter ended March 31, 2014. Total Income is Rs. 7678.50 million for the Quarter ended March 31, 2015 whereas the same was at Rs. 5918.90 million for the Quarter ended March 31, 2014.
The broader market is also trading on a negative note, the CNX Midcap index is down 0.2 percent at 12,858, and the Smallcap index has moved down 0.5 percent at 5,680.
All sectoral indices are trading in red, except, the CNX IT index up 0.2 percent at 11,476.
The Metal, Bank Nifty, Finance and Infra indices have declined over 0.5 per cent each.
Among Nifty-50 shares - Cairn India is the top loser, down 2.3 percent to Rs 208, after the company reported biggest loss of Rs. 241 crore in Q4.
Axis Bank, Sesa Sterlite, Yes Bank, HDFC, Tata Power, Zee Entertainment, IndusInd Bank and Kotak Bank are the other significant losers.
On the other hand, NMDC has jumped almost 2 percent at Rs. 127. HCL Technologies, ITC, Dr.Reddy's Reliance and Tata Motors are the other prominent gainers.
The BSE Mid-cap Index is trading down 0.39% at 10,565, whereas BSE Small-cap Index is trading down 0.25% at 11,282.
Some buying activity is seen in IT sector, while banking, consumer durable goods, metal, oil & gas and auto sectors are showing weakness on BSE.
Infosys, Tata Motors, ITC, Wipro and Sun Pharmaceuticals are among the gainers, whereas Sesa Sterlite, Axis Bank, HDFC, HUL and Hindalco are losing sheen on BSE.
There are many issues at hand the market may be grappling with. MAT is an issue which will continue to keep investors edgy. Manufacturing data emanating from China and Japan are showing softness but stock markets have a different take on that as they expect more policy stimulus on account of the slowdown.
IT major Infosys will declare its numbers today. With Wipro reporting a weaker than expected 1.2% qoq constant currency dollar revenue growth in its IT services segment and an overall muted revenue performance by the company, the investors would be keenly watching out for Infosys. Cross currency movements would affect growth. Crompton Greaves Says Avantha Holdings has proposed to sell consumer electricals business to Advent for Rs. 2000Cr.
Global cues are mixed. US stocks closed higher with Nasdaq hitting an all-time high of 5073.09. Asian markets are mostly lower. Japan's Nikkei is down while Hong Kong's Hang Seng index is up. China's Shanghai index is also trading lower.
Moody's Investors Service says that the finalization by members of the Association of Southeast Asian Nations (ASEAN) of tariff liberalization by the end of 2015 is credit positive for the region and will boost intra-regional trade and economic growth.
Capgemini is planning to acquire Nasdaq-listed Igate, says a report. If the deal is done, it will be one of the biggest M&As in the IT services space.
Cyient Ltd has posted a net profit after taxes, share in profit of associate and minority interest of Rs. 936.90 million for the Quarter ended March 31, 2015 whereas the same was at Rs. 698.30 million for the Quarter ended March 31, 2014. Total Income is Rs. 7678.50 million for the Quarter ended March 31, 2015 whereas the same was at Rs. 5918.90 million for the Quarter ended March 31, 2014.
The broader market is also trading on a negative note, the CNX Midcap index is down 0.2 percent at 12,858, and the Smallcap index has moved down 0.5 percent at 5,680.
All sectoral indices are trading in red, except, the CNX IT index up 0.2 percent at 11,476.
The Metal, Bank Nifty, Finance and Infra indices have declined over 0.5 per cent each.
Among Nifty-50 shares - Cairn India is the top loser, down 2.3 percent to Rs 208, after the company reported biggest loss of Rs. 241 crore in Q4.
Axis Bank, Sesa Sterlite, Yes Bank, HDFC, Tata Power, Zee Entertainment, IndusInd Bank and Kotak Bank are the other significant losers.
On the other hand, NMDC has jumped almost 2 percent at Rs. 127. HCL Technologies, ITC, Dr.Reddy's Reliance and Tata Motors are the other prominent gainers.
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