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Indian shares continued to trade marginally lower, weighed down by private banking, technology, capital goods and telecom stocks. European markets were down in early trade on concerns over Spain bailout and even riots over austerity added fuel to the fire.
Indian shares continued to trade marginally lower, weighed down by private banking, technology, capital goods and telecom stocks. European markets were down in early trade on concerns over Spain bailout and even riots over austerity added fuel to the fire. Britain's FTSE dropped 0.75 percent and Germany's DAX declined nearly 1 percent while France's CAC was down 1.26%.
Cement stocks outperformed other largecaps; ACC rallied 3.48 percent and Ambuja Cements gained 2.64 percent.
Drug producer Cipla surged 2.5 percent while its rival Ranbaxy Labs was up 1.2 percent.
Cigarette major ITC, private sector lender Axis Bank and state-owned gas transportation services provider GAIL rose 1 percent each.
Index heavyweight Reliance Industries went up 0.5 percent and FMCG major Hindustan Unilever moved up 0.64 percent.
Country's largest telecom operator Bharti Airtel topped the selling list, losing 3.5 percent.
Shares of Coal India, Hindalco, HDFC Bank, BHEL and Bank of Baroda were down 1-2 percent.
Advancers outnumbered decliners by 1406 to 1153 on the Bombay Stock Exchange.
Most active shares on exchanges were Max India, United Spirits, UB Holdings, Pantaloon Retail, CORE Education, SBI, Axis Bank and ITC.
Indian equity benchmarks pared losses as index heavyweight Reliance Industries rebounded with 0.3 percent gains. Country's largest lender State Bank of India too recouped losses, rising 0.8 percent.
The 30-share BSE Sensex fell 100 points, weighed down by banks, oil & gas, metals, telecom and capital goods stocks. Asian markets remained under pressure on concerns over Spain bailout. Nikkei extended fall to 2 percent while Shanghai, Hang Seng, Kospi, Taiwan Weighted and Straits Times lost 0.6-1 percent.
The BSE Sensex fell 70 points in early trade following weakness in global markets as the uncertainty over Spain bailout continued. Riots over Spain's austerity added fuel to the fire.
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Mkt at its peak, see good correction before Jan 31: Quantum