Indices slip into red; banking, FMCG stocks drag

Some buying activity is seen in IT, consumer durables, pharma, auto and metal sectors, while banking, fmcg and oil & gas sectors are showing weakness on BSE. The BSE Mid-cap Index is trading down 0.05% at 11,051, whereas BSE Small-cap Index is trading up 0.29% at 11,377.

At 9:17 AM, the S&P BSE Sensex is trading at 27,019 down 17 points, while NSE Nifty is trading at 8,172 down mere six points.

The BSE Mid-cap Index is trading down 0.05% at 11,051, whereas BSE Small-cap Index is trading up 0.29% at 11,377.

Some buying activity is seen in IT, consumer durables, pharma, auto and metal sectors, while banking, fmcg and oil & gas sectors are showing weakness on BSE.

Vedanta, Wipro, Infosys, Tata Motors, Hero MotoCorp, Dr. Reddy's and Maruti Suzuki are among the gainers, whereas ITC, Hindalco, Bharti Airtel, ICICI Bank and Reliance Industries are losing sheen on BSE.

Indian Rupee today opened at 65.03/$ lower by 5 paise in early trade on Thursday. On the global front, the US market, biotechnology companies boosted the S&P 500 to its highest level in three weeks. The Dow rose 0.73% while NASDAQ added close to a percent. The S&P 500 ended 0.8% percent higher. Japan is down as its core machinery orders unexpectedly fell 5.7% in August from the previous month raising worries about the strength of capital expenditure there.