 "Markets near day's lows, ICICI Bank dn 2%")
Markets were trading near their day's lows in late noon trades on Wednesday as investors remained cautious and booked profits ahead of the assembly election results due on Sunday.
At 2:25PM, the 30-share Sensex was down 95 points at 20,760 after touching an intra-day low of 20,782 and the 50-share Nifty was down 27 points at 6,175 after hitting an intra-day low of 6,180.
The rupee was trading marginally higher to the US dollar at Rs 62.31 compared with yesterday's close of Rs 62.36 as the dollar flows from banks is seen helping offset dollar demand from oil marketing companies.
Asian markets with the exception of Shanghai Composite were trading lower and the Nikkei came off its 6-year closing highs. Investors booked profits on concerns that the tapering by US Fed would lead to reduction in foreign fund inflows. The Nikkei ended down 2.2% at 15,408. Shanghai COmposite was up 1.3% while Hang Seng and Straits Times were trading nearly 1% lower.
The BSE Realty index was the top loser among the sectoral indices down 1.9% followed by Capital Goods, FMCG, Auto, Oil and Gas indices.
Capital Goods shares witnessed profit taking after recent gains while high inflation levels continued to weigh on FMCG stocks.
ITC, ICICI Bank, L&T, Tata Motors and Hindustan Unilever were down 1-2% each contributing the most to the Sensex decline.
Wipro and Tata Power were among the top Sensex gainers.
Among other shares, Shares of tyre makers are continue at their upward march on the bourses even though the frontline stocks struggling for gain.
Most of the frontline stocks Ceat, Goodyear India, JK Tyre Industries and TVS Srichakra hits 52-week high today, are trading higher by up to 10% on the Bombay Stock Exchange (BSE).
A strong earnings growth for the recently concluded first half has seen investors interest in these stocks. These four companies have reported an average 43% year-on-year (yoy) jump in aggregate net profit at Rs 183 crore for the first half ended September 2013 on the back of strong volume growth and lower raw material cost.
The broader market was trading mixed with BSE Mid-cap down 0.3% and Small-cap index was up 0.2%.
Market breadth was negative with 1,253 losers and 1,121 gainers on the BSE.
At 2:25PM, the 30-share Sensex was down 95 points at 20,760 after touching an intra-day low of 20,782 and the 50-share Nifty was down 27 points at 6,175 after hitting an intra-day low of 6,180.
The rupee was trading marginally higher to the US dollar at Rs 62.31 compared with yesterday's close of Rs 62.36 as the dollar flows from banks is seen helping offset dollar demand from oil marketing companies.
Asian markets with the exception of Shanghai Composite were trading lower and the Nikkei came off its 6-year closing highs. Investors booked profits on concerns that the tapering by US Fed would lead to reduction in foreign fund inflows. The Nikkei ended down 2.2% at 15,408. Shanghai COmposite was up 1.3% while Hang Seng and Straits Times were trading nearly 1% lower.
The BSE Realty index was the top loser among the sectoral indices down 1.9% followed by Capital Goods, FMCG, Auto, Oil and Gas indices.
Capital Goods shares witnessed profit taking after recent gains while high inflation levels continued to weigh on FMCG stocks.
ITC, ICICI Bank, L&T, Tata Motors and Hindustan Unilever were down 1-2% each contributing the most to the Sensex decline.
Wipro and Tata Power were among the top Sensex gainers.
Among other shares, Shares of tyre makers are continue at their upward march on the bourses even though the frontline stocks struggling for gain.
Most of the frontline stocks Ceat, Goodyear India, JK Tyre Industries and TVS Srichakra hits 52-week high today, are trading higher by up to 10% on the Bombay Stock Exchange (BSE).
A strong earnings growth for the recently concluded first half has seen investors interest in these stocks. These four companies have reported an average 43% year-on-year (yoy) jump in aggregate net profit at Rs 183 crore for the first half ended September 2013 on the back of strong volume growth and lower raw material cost.
The broader market was trading mixed with BSE Mid-cap down 0.3% and Small-cap index was up 0.2%.
Market breadth was negative with 1,253 losers and 1,121 gainers on the BSE.