The BSE Mid-cap Index is trading down 0.58% at 10,548, whereas BSE Small-cap Index is trading down 0.56% at 11,104.
At 9:20 AM, the S&P BSE Sensex is trading at 27,388 down 143 points, while NSE Nifty is trading at 8,293 down 46 points.
The BSE Mid-cap Index is trading down 0.58% at 10,548, whereas BSE Small-cap Index is trading down 0.56% at 11,104.
Sun Pharma, Bhel, ITC, Bharti Airtel and ONGC are among the gainers, whereas Tata Motors, GAIL, M&M, Wipro and Vedanta are losing sheen on BSE.
Equity investors seem to be in a tizzy following hawkish comments from Federal Reserve Chairperson Janet Yellen. With positive data on US economy including increase in job numbers and rising inflation, a rate hike in US seems to be on the cards sooner than later this calendar year. With the dollar appreciating against a basket of international currencies, global investors are taking refuge in treasuries.
Meanwhile, back home Chief Economic Advisor Arvind Subramanian has advocated an interest rate cut saying that India should not allow the rupee to become uncompetitive when nations such as China are resorting to aggressive monetary easing to make their currencies weaker. Stock market investors are bracing for some arduous times ahead amid disappointment over the pace of economic revival and sluggish corporate earnings, a report adds.
The S&P fell 1%, Dow Jones lost 1.04% and Nasdaq was down 1.1%. Asian markets are also not in good cheer for now. Tata Motors could slump following disappointing numbers. Attention will be on a number of companies which declare their numbers today. These include GAIL (India), Jindal Steel & Power, Aban Offshore, Abbott India, Adlabs Entertainment and Reliance Infrastructure among others.
The BSE Mid-cap Index is trading down 0.58% at 10,548, whereas BSE Small-cap Index is trading down 0.56% at 11,104.
Sun Pharma, Bhel, ITC, Bharti Airtel and ONGC are among the gainers, whereas Tata Motors, GAIL, M&M, Wipro and Vedanta are losing sheen on BSE.
Equity investors seem to be in a tizzy following hawkish comments from Federal Reserve Chairperson Janet Yellen. With positive data on US economy including increase in job numbers and rising inflation, a rate hike in US seems to be on the cards sooner than later this calendar year. With the dollar appreciating against a basket of international currencies, global investors are taking refuge in treasuries.
Meanwhile, back home Chief Economic Advisor Arvind Subramanian has advocated an interest rate cut saying that India should not allow the rupee to become uncompetitive when nations such as China are resorting to aggressive monetary easing to make their currencies weaker. Stock market investors are bracing for some arduous times ahead amid disappointment over the pace of economic revival and sluggish corporate earnings, a report adds.
The S&P fell 1%, Dow Jones lost 1.04% and Nasdaq was down 1.1%. Asian markets are also not in good cheer for now. Tata Motors could slump following disappointing numbers. Attention will be on a number of companies which declare their numbers today. These include GAIL (India), Jindal Steel & Power, Aban Offshore, Abbott India, Adlabs Entertainment and Reliance Infrastructure among others.
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