The BSE Mid-cap Index is trading down 0.21% at 10,591, whereas BSE Small-cap Index is trading down 0.10% at 11,167.
At 10:19 AM, the S&P BSE Sensex is trading at 26,983 down 457 points, while NSE Nifty is trading at 8,170 down 155 points.
The BSE Mid-cap Index is trading down 0.21% at 10,591, whereas BSE Small-cap Index is trading down 0.10% at 11,167. Crude oil prices stood at $61.61 per bbl which is up 2%
Some buying activity is seen in metal, teck, IT and fmcg sectors, while auto, banking, capital goods and healthcare sectors are showing weakness on BSE.
Bharti Airtel, Sesa Sterlite, Tata Steel, Hindalco and Infosys are among the gainers, whereas NTPC, BHEL, Tata Motors and Bajaj Auto are losing sheen on BSE.
The market suddenly seemed to have lost its Monday mojo as the Indian equity market entered in to a consolidation zone on Tuesday. The Nifty managed to just hold above its 200 DMA and also the 8300 mark. Attention will be on how FIIs react to the Bombay High Court's move to stay the income tax department's decision to impose minimum alternate tax (MAT) on Aberdeen Global Emerging Markets. The stay was more on technical grounds and developments here will be closely watched.
Developments in Parliament will be eyed. Global cues are depressed for now. Oil prices climbed 2.5%, to settle at $60.40 a barrel. A sell off was seen in US markets. A trade-deficit report that indicated US trade gap hit its highest level in seven years suggests that the US GDP reading will go from 0.2% to negative territory when figures are revised later this month.
Seven additional securities would be available for trading w.e.f May 29, 2015. These companies include, DHFL, Kaveri Seeds, Ajanta Pharma, Britannia, South Bank, Oil India and Bharat Electronics Limited. Expect action on these counters today.
The Dow fell 0.79% S&P 500 lost 1.18% and Nasdaq Composite fell 1.55% led by losses in Apple counter. Asian markets are flat with Hong Kong's Hang Seng index and China's Shanghai index trading higher.
The Supreme Court on Tuesday sought responses from the Centre and Reserve Bank of India on a PIL challenging the appointment process of heads of five public sector banks and reducing the cut-off age from 58 to 55 years.
The Prakash Javadekar-led environment ministry is yet to call a meeting of the Genetic Engineering Appraisal Committee (GEAC) and a concerned industry is now knocking on the doors of the Prime Minister's Office to get things moving. ET reported that Biocon chairman and managing director Kiran Mazumdar Shaw wrote to the PMO last month, pointing out how the delay in calling meetings of the GEAC had put the "entire agriculture biotechnology sector in great difficulty".
Finance Minister Arun Jaitley said that the GST Bill has gone through standing panel and multiple EgoMs.He said that further delay to GST will not serve any purpose. We will lose entire financial year if GST Bill is delayed further. GST if delayed further will not meet the April 1, 2016 deadline, Jaitley added.
SKF has signed a strategic agreement with Regen Powertech, a leading Indian wind turbine manufacturer. Under the terms of the agreement, SKF will supply pitch and yaw bearing sets and mainshaft bearings for the company’s 1.5MW wind turbines.
Fitch Ratings has affirmed GAIL (India) Limited's (GAIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable.
Kotak Mahindra Bank rallied nearly 6.5% to Rs. 1,424 on the back of strong Q4 performance and a surprise bonus announcement. The company's Q4 consolidated net profit rose by 37.6 percent to Rs. 912.60 crore on year-on-year basis. Total income also jumped by 51.8 percent to Rs. 2,655.22 crore from Rs. 1,749.86 crore. Further, the bank announced a 1:1 bonus share issue.
The CNX Realty and Auto indices have shed over 0.5 percent each at 211 and 8,277, respectively. The Bank Nifty, Energy, Pharma, Metal and PSU Bank indices are the other notable losers.
In the Nifty-50 stocks - BPCL is the top loser - down 2 percent at Rs. 761. Ambuja Cements, NTPC, BHEL, Tata Motors, HDFC and Gail India have also dropped over a percent each.
On the other hand, the Bharti Airtel soared nearly 4 percent at Rs. 401. Idea Cellular and Cairn India jumped 1.4 percent each at Rs. 181 and Rs. 217, respectively.
Hindalco, Tech Mahindra, HCL Technologies and Infosys are the other notable gainers.
The BSE Mid-cap Index is trading down 0.21% at 10,591, whereas BSE Small-cap Index is trading down 0.10% at 11,167. Crude oil prices stood at $61.61 per bbl which is up 2%
Some buying activity is seen in metal, teck, IT and fmcg sectors, while auto, banking, capital goods and healthcare sectors are showing weakness on BSE.
Bharti Airtel, Sesa Sterlite, Tata Steel, Hindalco and Infosys are among the gainers, whereas NTPC, BHEL, Tata Motors and Bajaj Auto are losing sheen on BSE.
The market suddenly seemed to have lost its Monday mojo as the Indian equity market entered in to a consolidation zone on Tuesday. The Nifty managed to just hold above its 200 DMA and also the 8300 mark. Attention will be on how FIIs react to the Bombay High Court's move to stay the income tax department's decision to impose minimum alternate tax (MAT) on Aberdeen Global Emerging Markets. The stay was more on technical grounds and developments here will be closely watched.
Developments in Parliament will be eyed. Global cues are depressed for now. Oil prices climbed 2.5%, to settle at $60.40 a barrel. A sell off was seen in US markets. A trade-deficit report that indicated US trade gap hit its highest level in seven years suggests that the US GDP reading will go from 0.2% to negative territory when figures are revised later this month.
Seven additional securities would be available for trading w.e.f May 29, 2015. These companies include, DHFL, Kaveri Seeds, Ajanta Pharma, Britannia, South Bank, Oil India and Bharat Electronics Limited. Expect action on these counters today.
The Dow fell 0.79% S&P 500 lost 1.18% and Nasdaq Composite fell 1.55% led by losses in Apple counter. Asian markets are flat with Hong Kong's Hang Seng index and China's Shanghai index trading higher.
The Supreme Court on Tuesday sought responses from the Centre and Reserve Bank of India on a PIL challenging the appointment process of heads of five public sector banks and reducing the cut-off age from 58 to 55 years.
The Prakash Javadekar-led environment ministry is yet to call a meeting of the Genetic Engineering Appraisal Committee (GEAC) and a concerned industry is now knocking on the doors of the Prime Minister's Office to get things moving. ET reported that Biocon chairman and managing director Kiran Mazumdar Shaw wrote to the PMO last month, pointing out how the delay in calling meetings of the GEAC had put the "entire agriculture biotechnology sector in great difficulty".
Finance Minister Arun Jaitley said that the GST Bill has gone through standing panel and multiple EgoMs.He said that further delay to GST will not serve any purpose. We will lose entire financial year if GST Bill is delayed further. GST if delayed further will not meet the April 1, 2016 deadline, Jaitley added.
SKF has signed a strategic agreement with Regen Powertech, a leading Indian wind turbine manufacturer. Under the terms of the agreement, SKF will supply pitch and yaw bearing sets and mainshaft bearings for the company’s 1.5MW wind turbines.
Fitch Ratings has affirmed GAIL (India) Limited's (GAIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable.
Kotak Mahindra Bank rallied nearly 6.5% to Rs. 1,424 on the back of strong Q4 performance and a surprise bonus announcement. The company's Q4 consolidated net profit rose by 37.6 percent to Rs. 912.60 crore on year-on-year basis. Total income also jumped by 51.8 percent to Rs. 2,655.22 crore from Rs. 1,749.86 crore. Further, the bank announced a 1:1 bonus share issue.
The CNX Realty and Auto indices have shed over 0.5 percent each at 211 and 8,277, respectively. The Bank Nifty, Energy, Pharma, Metal and PSU Bank indices are the other notable losers.
In the Nifty-50 stocks - BPCL is the top loser - down 2 percent at Rs. 761. Ambuja Cements, NTPC, BHEL, Tata Motors, HDFC and Gail India have also dropped over a percent each.
On the other hand, the Bharti Airtel soared nearly 4 percent at Rs. 401. Idea Cellular and Cairn India jumped 1.4 percent each at Rs. 181 and Rs. 217, respectively.
Hindalco, Tech Mahindra, HCL Technologies and Infosys are the other notable gainers.
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