BSE Sensex was trading at 19,492, down 53 points. While, NSE Nifty was trading at 5,843, down 25 points over the previous close.
The main Indian stock benchmarks remain under some bit of pressure in early afternoon trade as traders continue to be cautious ahead of tomorrow's F&O expiry and the FOMC meeting in the US today. Wipro's disappointing Q4 results and guidance coupled with lingering concern over inflation also dampened the sentiment. Mixed trend from Asian and European markets also contributed to the anxiety.
Market breadth is neutral as Small-Cap and Mid-Cap indices too have erased some of their gains. Realty index is the top loser while Consumer Durables is the best performer.
Shares of Wipro are down after it announced tepid growth in Q4 topline and earnings besides unveiling muted revenue guidance for the coming quarter. Shares of Ambuja Cement and ACC are also down after a few brokerages came out with 'sell' ratings on the cement majors. M&M, ONGC, Bharti Airtel and Maruti have managed to buck the negative trend.
Shares of Wipro are down after it announced tepid growth in Q4 topline and earnings besides unveiling muted revenue guidance for the coming quarter. Shares of Ambuja Cement and ACC are also down after a few brokerages came out with 'sell' ratings on the cement majors. M&M, ONGC, Bharti Airtel and Maruti have managed to buck the negative trend.
At 12:41 pm (IST), the BSE Sensex was trading at 19,492, down 53 points over the previous close. It had earlier touched a day's high of 19,633 and a day's low of 19,483. It opened at 19,610.
NSE Nifty was trading at 5,843, down 25 points over the previous close. It had earlier touched a day's high of 5,892 and a day's low of 5,841. It opened at 5,884.
The BSE Small Cap index and the BSE Mid Cap index were up 0.3% and 0.1% respectively.
In terms of sectors, the Realty, Banking, Metal and Capital Goods indices are down in the range of 1-0.5%. While, Consumer Durables stocks are up 0.7%. Select PSU, Auto, FMCG and IT stocks are muted.
ONGC, Maruti Suzuki, M&M, Bharti Airtel, Infosys and ITC were among the notable leaders in the main indices.
Wipro, Ambuja Cement, BHEL, GAIL, DLF, Axis Bank, Kotak Mahindra Bank, JP Associate, Reliance Capital, Siemens, ICICI Bank, Sun Pharma, ACC, Grasim, Jindal Steel and L&T were among the notable losers in the main indices.
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