12:47 The BSE Sensex and NSE Nifty continued to trade lower with marginal losses due to fall in oil & gas, banks and metals stocks. European markets were flat in early trade as traders remained cautious ahead of European Central Bank's rate decision that will be at 17:15 hours IST.
The 30-share BSE Sensex plummeted 82 points to 17,175.55 and the 50-share NSE Nifty declined 26 points to 5,214.20. The Indian rupee too went down by 30 paise to 55.77 against the US dollar.
Oil & gas producers Reliance Industries and ONGC fell more than 1%. Commercial vehicle majors Tata Motors and M&M slipped 1-2%.
Among lenders, State Bank of India and HDFC Bank dropped over 1% while ICICI Bank was down 0.4%.
Infosys, country's second largest software services exporter, lost 0.7% while its rival TCS gained 0.3%.
Among FMCG majors, ITC rose 0.4% whereas Hindustan Unilever declined 0.4%. Telecom operator Bharti Airtel went up nearly 1%.
State-owned power producer NTPC rallied 1.8% whereas private power producer Tata Power tumbled 1.6%.
In the second line shares, CRISIL, Bayer Cropscience, Britannia, Punj Lloyd and Novartis India rallied 2.5%-3.5% whereas Shree Global, NIIT Tech, Glodyne Tech, Religare Enterprises and BASF lost 3%-6%.
Most active shares on exchanges were NIIT Tech, NTPC, SBI, United Spirits, ITC, ICICI Bank, Reliance Industries and Larsen & Toubro.
11:47 Sensex, Nifty remain under pressure on profit booking Indian equity benchmarks remained under pressure due to profit booking. The market had rallied nearly 600 points in previous four sessions on hopes of some monetary measures by Federal Reserve to revive sluggish US growth and some policy action by European Central Bank (ECB). Read More » 10:31 Choppy Sensex falls over 50 pts; SBI, HDFC Bank down 1%Read More » Indian shares remained marginally lower due to selling in State Bank of India and Tata Motors. HDFC Bank, HDFC, ONGC and Infosys too were under pressure. However, the buying in Bharti, L&T, ICICI Bank and ITC has capped the downside. Read More » 09:13 Sensex, Nifty lacklustre; Hero Motocorp drops 1%Read More » The BSE Sensex and NSE Nifty opened volatile in early trade due to lack of cues from the Federal Reserve's two days meeting. Asian markets too were mixed in trade as there was no significant shift in the Federal Reserve policy stance on Wednesday, though doors for further easing remain open. Read More »