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Markets have slipped into negative zone after making a marginally higher opening. The upside is capped amid profit taking at higher levels.
By 9:30, the Sensex was lower by 12 points at 23,862 mark and the Nifty gained by 4 points at 7,113 levels.
Indices ended at record closing highs yesterday for the third straight trading session as exit polls showed that the BJP-led NDA is set to form a stable government and set the reforms process in motion to stimulate growth.
On the global front, the Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco.
The S&P 500 briefly rose above 1,900 for the first time early in the session, but quickly gave back some of its gains. In contrast, the Russell 2000 index of small-cap stocks fell 1.1%.
Asian shares inched up on Wednesday, while the euro wobbled close to five-week lows on heightened speculation of more European Central Bank stimulus next month.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% in early trading. Japan's Nikkei was down 0.3%.
Back home, foreign institutional investors (FIIs) bought shares worth a net Rs 2026.23 crore on Tuesday, as per provisional data from the stock exchanges.
On the sectoral front, BSE Auto and Capital Goods indices have slipped by nearly 1% each. However, BSE FMCG, Consumer Durables and Metal indices have gained by nearly 1% each.
The main losers on the Sensex at this hour include BHEL, M&M, Tata Motors, Dr Reddy’s Labs, L&T, Infosys and Maruti Suzuki.
Mahindra and Mahindra (M&M) has dipped over 4% to Rs 1,074 on back of multiple block deals on the NSE and BSE.
On the gaining side, ITC, Tata Steel, NTPC, Bharti Airtel and Coal India have gained between 1-2%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have gained by almost 1% each.
The market breadth in BSE remains firm with 744 advancing and 444 shares declining.
By 9:30, the Sensex was lower by 12 points at 23,862 mark and the Nifty gained by 4 points at 7,113 levels.
Indices ended at record closing highs yesterday for the third straight trading session as exit polls showed that the BJP-led NDA is set to form a stable government and set the reforms process in motion to stimulate growth.
On the global front, the Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco.
The S&P 500 briefly rose above 1,900 for the first time early in the session, but quickly gave back some of its gains. In contrast, the Russell 2000 index of small-cap stocks fell 1.1%.
Asian shares inched up on Wednesday, while the euro wobbled close to five-week lows on heightened speculation of more European Central Bank stimulus next month.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% in early trading. Japan's Nikkei was down 0.3%.
Back home, foreign institutional investors (FIIs) bought shares worth a net Rs 2026.23 crore on Tuesday, as per provisional data from the stock exchanges.
On the sectoral front, BSE Auto and Capital Goods indices have slipped by nearly 1% each. However, BSE FMCG, Consumer Durables and Metal indices have gained by nearly 1% each.
The main losers on the Sensex at this hour include BHEL, M&M, Tata Motors, Dr Reddy’s Labs, L&T, Infosys and Maruti Suzuki.
Mahindra and Mahindra (M&M) has dipped over 4% to Rs 1,074 on back of multiple block deals on the NSE and BSE.
On the gaining side, ITC, Tata Steel, NTPC, Bharti Airtel and Coal India have gained between 1-2%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have gained by almost 1% each.
The market breadth in BSE remains firm with 744 advancing and 444 shares declining.
