 "Indices open lower; Asian markets weigh")
Markets have started the trading session on a lower note tracking weak global cues. By 9:30, the Sensex was lower by 51 points at 20,675 levels and the Nifty declined by 25 points at 6,142 mark.
Yesterday, key indices ended marginally lower after hitting 3-year intra-day highs.
US share indices ended higher on Thursday after weak economic data suggested that the Fed may continue its monetary stimulus measures and robust earnings from select corporates boosted sentiment.
A stronger yen depressed Japanese stocks on Friday, while the dollar was hemmed in near a two-year low against the euro, reflecting expectations the US Federal Reserve will continue its stimulus into 2014. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, reversing earlier slight gains. The index fell 0.1% on Thursday as rising Chinese money-market rates countered signs of a pick-up in manufacturing.
South Korean stocks dropped 0.5%. In Tokyo, the Nikkei share average shed 0.9% as the dollar languished near a two-week low against the yen. It was on track to suffer its first weekly drop in three weeks.
Back home, GAIL (India), ICICI Bank, ITC, Essar Oil, IDBI Bank will unveil the second quarter earnings today.
On the sectoral front, BSE Auto and Capital Goods indices have plunged by nearly 1% followed by counters like PSU, Metal, Oil & Gas, Realty, Healthcare, Power and Banks, all declining marginally. However, BSE IT index is trading marginally positive.
The main losers on the Sensex at this hour include GAIL, M&M, Bajaj Auto, BHEL, Hindalco, JSPL, L&T and Sun Pharma, all falling down between 1-2%.
On the gaining side, Wipro, Sesa Sterlite, TCS, ICICI Bank and DR Reddy’s Lab have gained by 1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have gained between 0.1-0.2%.
The market breadth in BSE remains positive with 465 shares advancing and 392 shares declining.
Yesterday, key indices ended marginally lower after hitting 3-year intra-day highs.
US share indices ended higher on Thursday after weak economic data suggested that the Fed may continue its monetary stimulus measures and robust earnings from select corporates boosted sentiment.
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The Dow Jones ended 96 points at 15,509, the S&P 500 rose 6 points to close at 1,752 and the Nasdaq closed 22 points higher at 3,928.
A stronger yen depressed Japanese stocks on Friday, while the dollar was hemmed in near a two-year low against the euro, reflecting expectations the US Federal Reserve will continue its stimulus into 2014. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, reversing earlier slight gains. The index fell 0.1% on Thursday as rising Chinese money-market rates countered signs of a pick-up in manufacturing.
South Korean stocks dropped 0.5%. In Tokyo, the Nikkei share average shed 0.9% as the dollar languished near a two-week low against the yen. It was on track to suffer its first weekly drop in three weeks.
Back home, GAIL (India), ICICI Bank, ITC, Essar Oil, IDBI Bank will unveil the second quarter earnings today.
On the sectoral front, BSE Auto and Capital Goods indices have plunged by nearly 1% followed by counters like PSU, Metal, Oil & Gas, Realty, Healthcare, Power and Banks, all declining marginally. However, BSE IT index is trading marginally positive.
The main losers on the Sensex at this hour include GAIL, M&M, Bajaj Auto, BHEL, Hindalco, JSPL, L&T and Sun Pharma, all falling down between 1-2%.
On the gaining side, Wipro, Sesa Sterlite, TCS, ICICI Bank and DR Reddy’s Lab have gained by 1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have gained between 0.1-0.2%.
The market breadth in BSE remains positive with 465 shares advancing and 392 shares declining.
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