The BSE Mid-cap Index is trading up 0.04% at 10,616, whereas BSE Small-cap Index is trading up 0.06% at 11,190.
Following yesterday's significant fall, the market bucked the Asian cues and started the day on a tentative note ahead of futures & option expiry this Thursday.
At 9:27 AM, the S&P BSE Sensex is trading at 27,595 down 49 points, while NSE Nifty is trading at 8,355 down 16 points.
The BSE Mid-cap Index is trading up 0.04% at 10,616, whereas BSE Small-cap Index is trading up 0.06% at 11,190.
Some buying activity is seen in capital goods, fmcg, banking and consumer durables sectors, while oil&gas, auto and pharma sectors are showing weakness on BSE.
Vedanta, Tata Steel, State Bank of India, GAIL, M&M and HDFC are among the gainers, whereas BHEL, Sun Pharmaceuticals Industries, ONGC, NTPC, Tata Motors and Cipla are losing sheen on BSE.
As the NDA government led by BJP’s Narendra Modi completes one year in office, most CEOs acknowledge the reforms undertaken and initiatives done to reduce corruption and ease rules for business. The market performance during the first year may not have been as gung-ho as one may have expected but the fact remains a run-up had taken place in anticipation of a new government at the Centre. The stock market wealth has grown by over Rs 10 lakh crore in this period with conglomerates like Tatas, Adani, Bharti, HDFC and Sun Groups clocking huge gains, says a report. Those who lost out include Ambani groups, Vedanta, ITC and L&T.
After falling on Monday the Indian market will look at recouping some of the losses. The fall was led by comments that US Federal Reserve chair Janet Yellen may raise interest rates this year itself. Greece’s warning about defaulting on its debt payments also adding to the fragile situation. The outlook is a flat start. Indices could turn choppy during the day on account of F&O expiry later this week. A host of results including Tata Motors will be on investor’s radar. US markets were closed for Memorial Day. Asian indices are mixed.
On the eve of the first anniversary of his government, Prime Minister Narendra Modi declared that his mission was to improve the lives of India's poor and its farmers, seeking to put an end to criticism on this count by submitting what he said were his accounts for the year to the people. Modi said India had changed dramatically in a year. His biggest successes included fight against corruption, controlling inflation and putting in place programmes that would benefit farmers, a report stated.
The Insurance Regulatory and Development Authority of India has mandated a minimum 26% equity holding by the Indian promoter in any insurance company to ensure that the local investor does not use the liberal foreign investment and listing policy to dilute accountability.
Among sectors, the PSU Bank index has advanced over 0.5 percent at 3,513. The Metal index has also gained 0.5 percent at 2,380.
The Finance and FMCG indices have added 0.2 percent each.
The CNX Energy index, however, is down 0.2 percent at 8,488.
Lupin is the top gainer in the Nifty space - with a jump of over 2 percent at Rs. 1,790. Vedanta has rallied 1.3 percent at Rs. 202.
Tata Steel, Punjab National Bank, SBI, Tata Power and Gail India are the other notable gainers.
On the losing side, Tech Mahindra has slipped 2.3 percent at Rs. 633. BHEL, BPCL, ONGC, IndusInd Bank and Tata Motors are the other losers - down almost a percent each.
At 9:27 AM, the S&P BSE Sensex is trading at 27,595 down 49 points, while NSE Nifty is trading at 8,355 down 16 points.
The BSE Mid-cap Index is trading up 0.04% at 10,616, whereas BSE Small-cap Index is trading up 0.06% at 11,190.
Some buying activity is seen in capital goods, fmcg, banking and consumer durables sectors, while oil&gas, auto and pharma sectors are showing weakness on BSE.
Vedanta, Tata Steel, State Bank of India, GAIL, M&M and HDFC are among the gainers, whereas BHEL, Sun Pharmaceuticals Industries, ONGC, NTPC, Tata Motors and Cipla are losing sheen on BSE.
As the NDA government led by BJP’s Narendra Modi completes one year in office, most CEOs acknowledge the reforms undertaken and initiatives done to reduce corruption and ease rules for business. The market performance during the first year may not have been as gung-ho as one may have expected but the fact remains a run-up had taken place in anticipation of a new government at the Centre. The stock market wealth has grown by over Rs 10 lakh crore in this period with conglomerates like Tatas, Adani, Bharti, HDFC and Sun Groups clocking huge gains, says a report. Those who lost out include Ambani groups, Vedanta, ITC and L&T.
After falling on Monday the Indian market will look at recouping some of the losses. The fall was led by comments that US Federal Reserve chair Janet Yellen may raise interest rates this year itself. Greece’s warning about defaulting on its debt payments also adding to the fragile situation. The outlook is a flat start. Indices could turn choppy during the day on account of F&O expiry later this week. A host of results including Tata Motors will be on investor’s radar. US markets were closed for Memorial Day. Asian indices are mixed.
On the eve of the first anniversary of his government, Prime Minister Narendra Modi declared that his mission was to improve the lives of India's poor and its farmers, seeking to put an end to criticism on this count by submitting what he said were his accounts for the year to the people. Modi said India had changed dramatically in a year. His biggest successes included fight against corruption, controlling inflation and putting in place programmes that would benefit farmers, a report stated.
The Insurance Regulatory and Development Authority of India has mandated a minimum 26% equity holding by the Indian promoter in any insurance company to ensure that the local investor does not use the liberal foreign investment and listing policy to dilute accountability.
Among sectors, the PSU Bank index has advanced over 0.5 percent at 3,513. The Metal index has also gained 0.5 percent at 2,380.
The Finance and FMCG indices have added 0.2 percent each.
The CNX Energy index, however, is down 0.2 percent at 8,488.
Lupin is the top gainer in the Nifty space - with a jump of over 2 percent at Rs. 1,790. Vedanta has rallied 1.3 percent at Rs. 202.
Tata Steel, Punjab National Bank, SBI, Tata Power and Gail India are the other notable gainers.
On the losing side, Tech Mahindra has slipped 2.3 percent at Rs. 633. BHEL, BPCL, ONGC, IndusInd Bank and Tata Motors are the other losers - down almost a percent each.
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