The BSE Mid-cap Index is trading down 0.03% at 10,617, whereas BSE Small-cap Index is trading up 0.11% at 11,220.
At 9:25 AM, the S&P BSE Sensex is trading at 27,958 down 117 points, while NSE Nifty is trading at 8,431 down 28 points.
The BSE Mid-cap Index is trading down 0.03% at 10,617, whereas BSE Small-cap Index is trading up 0.11% at 11,220.
Some buying activity is seen in IT, healthcare, oil & gas, teck and power, and metal sectors, while fmcg, auto and consumer durables sector is showing weakness on BSE.
ONGC, Infosys, Sun Pharma, TCS, HDFC Bank and GAIL are among the gainers, whereas itc, Vedanta, Tata Steel, Bajaj Auto, Tata Motors and State Bank of India are losing sheen on BSE.
The opinions regarding the performance of the government over the last one year may be mixed with industry and brokerages not really subscribing to the upbeat sentiment prevailing a year ago when the BJP-led government stormed into power. Nevertheless, there are many areas where a lot of improvement has set in and people are willing to give time. The MAT issue could continue to cause a dent in sentiment after reports stated that the Dispute Resolution Panel (DRP) of the income-tax department sent notices to foreign portfolio investors (FPIs) on Friday, telling them that the hearing of MAT disputes would start soon. Foreign funds have reportedly pulled out over Rs.14,600 crore (including debt funds) from the Indian market in May itself on account of continued taxation worries, says a report. The huge sell off comes amid worries over imposition of 20 per cent minimum alternate tax on capital gains by overseas investors till April 1, 2015, a report stated.
Indices could get choppy later in the week on account of F&O expiry. Asian markets are in the green with Japan's Nikkei up 0.6% and Hong Kong's Hang Seng index and China's Shanghai index gaining over 1.5% each.
US and European markets are mostly shut today. US stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.
Dow fell 0.29% while S&P 500 shed 0.22%. Nasdaq ended flat.
The BSE Mid-cap Index is trading down 0.03% at 10,617, whereas BSE Small-cap Index is trading up 0.11% at 11,220.
Some buying activity is seen in IT, healthcare, oil & gas, teck and power, and metal sectors, while fmcg, auto and consumer durables sector is showing weakness on BSE.
ONGC, Infosys, Sun Pharma, TCS, HDFC Bank and GAIL are among the gainers, whereas itc, Vedanta, Tata Steel, Bajaj Auto, Tata Motors and State Bank of India are losing sheen on BSE.
The opinions regarding the performance of the government over the last one year may be mixed with industry and brokerages not really subscribing to the upbeat sentiment prevailing a year ago when the BJP-led government stormed into power. Nevertheless, there are many areas where a lot of improvement has set in and people are willing to give time. The MAT issue could continue to cause a dent in sentiment after reports stated that the Dispute Resolution Panel (DRP) of the income-tax department sent notices to foreign portfolio investors (FPIs) on Friday, telling them that the hearing of MAT disputes would start soon. Foreign funds have reportedly pulled out over Rs.14,600 crore (including debt funds) from the Indian market in May itself on account of continued taxation worries, says a report. The huge sell off comes amid worries over imposition of 20 per cent minimum alternate tax on capital gains by overseas investors till April 1, 2015, a report stated.
Indices could get choppy later in the week on account of F&O expiry. Asian markets are in the green with Japan's Nikkei up 0.6% and Hong Kong's Hang Seng index and China's Shanghai index gaining over 1.5% each.
US and European markets are mostly shut today. US stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.
Dow fell 0.29% while S&P 500 shed 0.22%. Nasdaq ended flat.
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