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Benchmark indices have trimmed losses but continue to trade marginally lower led by buying among index heavyweight RIL
At 12:45 PM, the 30-share Sensex was down 33 points at 26,954 and the 50-share Nifty was down 9 points at 8,119.
The broader markets are underperforming the benchmark indices- BSE Midcap and Smallcap indices have slipped by almost 1% each.
The market breadth in BSE remain weak with 1,32 shares declining and 900 shares advancing.
At 12:35 PM, the Indian rupee was trading higher at Rs 63.43 to the US dollar compared to the previous close of Rs 63.57.
ASIAN MARKETS
Japanese stocks ended flat after a choppy session on Wednesday, with investors waiting with bated breath for key domestic and U.S. economic data on Friday as financial markets continued to fret over sliding oil prices and worries over global growth.
The Nikkei benchmark added 0.01% to 16,885.33, only just managing to snap a four-day losing streak.
However, the broader Topix ended 0.1% lower at 1,359.80, while the JPX-Nikkei Index 400 dropped 0.2% to 12,308.20.
SECTORS & STOCKS
BSE Metal index has plunged by over 1%. However, BSE Oil & Gas index has gained by nearly 1%.
The main losers on the Sensex are BHEL, GAIL, ICICI Bank, Hindalco and Tata Steel.
On the gaining side, HUL, NTPC, RIL, ONGC and M&M gave gained between 1-3%.
Shares in Cairn India has dipped nearly 3% to Rs 229, extending its previous day’s 3% fall on NSE, as oil prices fell further. The stock is currently trading nears to its 52-week low of Rs 228, touched on December 17, 2014.
