 "Markets open flat amid lackustre global cues")
Markets opened flat amid mixed Asian cues but profit taking is likely to cap further gains after the rally yesterday which pushed the benchmark indices to 3-week closing highs.
By 9:30, the 30-share Sensex was up 53 points at 20,687 and the 50-share Nifty was up 13 points at 6,140.
India's currency, debt and money markets are closed today for for Shivaji Jayanti.
On the global front, the S&P 500 and Nasdaq rose on Tuesday, following Wall Street's biggest weekly gain of the year, as merger activity increased confidence that there is value in the stock market even as the benchmark index nears a record high. The Nasdaq Composite rose for an eighth straight session, a streak not seen since early July.
Asian share markets were in hesitant mood on Wednesday as investors keep a wary eye on interest rates in China, though the euro left the dollar in its dust after more soft US economic data.
The action was light, with MSCI's broadest index of Asia-Pacific shares outside Japan barely changed and Australia up a slim 0.3%. Shanghai stocks were flat while Seoul lost 0.6%.
Japan's Nikkei pared its early losses to be off 0.6%, battling to maintain the momentum of Tuesday's 3% rally which followed a decision by the Bank of Japan to expand a scheme to encourage more bank lending.
Back home, on the sectoral front, BSE Capital Goods, IT and Healthcare indices have gained by nearly 1% each. However, BSE Bnakex has declined marginally after witnessing a sharp rally yesterday.
The main gainers on the Sensex at this hour include BHEL, GAIL, Coal India, Infosys, Sun Pharma, Wipro, Hindalco, SBI and Cipla.
On the losing side, HDFC, NTPC, Tata Motors, Tata Power and ICICI Bank have declined between 0.5-1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up by 0.4%.
The market breadth in BSE remains positive with 670 shares advancing and 301 shares declining.
By 9:30, the 30-share Sensex was up 53 points at 20,687 and the 50-share Nifty was up 13 points at 6,140.
India's currency, debt and money markets are closed today for for Shivaji Jayanti.
Also Read
Foreign institutional investors (FIIs) bought shares worth a net Rs 292.23 crore on Tuesday, as per provisional data from the stock exchanges.
On the global front, the S&P 500 and Nasdaq rose on Tuesday, following Wall Street's biggest weekly gain of the year, as merger activity increased confidence that there is value in the stock market even as the benchmark index nears a record high. The Nasdaq Composite rose for an eighth straight session, a streak not seen since early July.
Asian share markets were in hesitant mood on Wednesday as investors keep a wary eye on interest rates in China, though the euro left the dollar in its dust after more soft US economic data.
The action was light, with MSCI's broadest index of Asia-Pacific shares outside Japan barely changed and Australia up a slim 0.3%. Shanghai stocks were flat while Seoul lost 0.6%.
Japan's Nikkei pared its early losses to be off 0.6%, battling to maintain the momentum of Tuesday's 3% rally which followed a decision by the Bank of Japan to expand a scheme to encourage more bank lending.
Back home, on the sectoral front, BSE Capital Goods, IT and Healthcare indices have gained by nearly 1% each. However, BSE Bnakex has declined marginally after witnessing a sharp rally yesterday.
The main gainers on the Sensex at this hour include BHEL, GAIL, Coal India, Infosys, Sun Pharma, Wipro, Hindalco, SBI and Cipla.
On the losing side, HDFC, NTPC, Tata Motors, Tata Power and ICICI Bank have declined between 0.5-1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up by 0.4%.
The market breadth in BSE remains positive with 670 shares advancing and 301 shares declining.
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