Bharti Airtel, Sesa Sterlite, Hindalco Industries, BHEL, Larsen and Toubro, DLF and Jindal Steel lost 1.5-2 percent. However, Infosys gained further, up over a percent followed by Reliance Industries, Sun Pharma, Hero Motocorp, BPCL, IndusInd Bank and Lupin with marginal gain.
Bharti Airtel and Dr Reddy's Labs bucked the trend, up over a percent followed by ITC, Infosys, TCS, Sun Pharma and Hero Motocorp with 0.3-0.6 percent.
ONGC, Bajaj Auto, Hindalco, HUL and HDFC Bank are top gainers in the Sensex while Maruti, M&M, Tata Motors and HDFC.
The Sensex is up 203.78 points or 0.75 percent at 27230.48, and the Nifty is up 54.00 points or 0.07 percent at 8140.85. About 1318 shares have advanced, 446 shares declined, and 58 shares are unchanged.
ONGC, GAIL, Hindalco, Bajaj Auto and L&T are major gainers in the Sensex. Among the losers are HDFC, Coal India, Bharti Airtel, BHEL and Hero MotoCorp.
Brent crude prices are at a 16-month low at levels near USD 100 per barrel on the back of strength in dollar index, on slowing demand from Europe and china. OMCs gain in trade as the decline in crude further eases under recoveries.
Tata Motors, NTPC, Tata Power, HDFC and GAIL are top gainers in the Sensex. Among the losers are Hindalco, Coal India, Bharti Airtel and Dr Reddy's Labs.
Pharma and realty stocks are leading the market rally today with Cipla and Bharti Airtel as top Nifty gainers.
Cipla is up over 6 percent while Bharti, Sun Pharma, Hero and HDFC Bank are top gainers in the Sensex. Metals and IT stocks are seeing some but of profit booking. Among the losers are Sesa Sterlite, Tata Motors, HUL, Infosys and Wipro.
Maruti falls 3 percent on Gujarat plant woes. The rupee declined in early trade. It opened lower by 18 paise at 61.12 per dollar as against 60.94 a dollar Tuesday.
Here are some old nuggets which I have said in the past, saying it now, and frankly do not care if you do follow or not.
The cabinet has cleared several big ticket proposals and ordinances. It has hiked fixed costs for urea plants and dearness allowance. It has also okayed an ordinance to amend the securities law and give SEBI more powers.
The Nikkei average advanced to a four-week closing high on Tuesday after a rally in Wall Street shares to historic highs triggered short-covering in battered Japanese stocks.
Rupee trades higher against the dollar tracking strength in Asian currencies and overall positive market sentiment globally. Gilts move with a weak bias as dealers avoid fresh purchases ahead of the state development loan auction today.
Equity benchmarks maintained upmove with the Nifty holding the 6200 level supported by banks, technology and FMCG stocks. The rupee is gyrating around the 62 per dollar.
Rupee is going steady as expectations of corporate dollar inflows restricts rupee keeps rupee supported. Gilts trade lower as market participants refrain from building fresh positions amid lack of supportive cues.
In an interview with CNBC-TV18's Shereen Bhan Rajeev Chandrashekar, Founder, BPL Mobile Member, Rajya Sabha gave his reaction on Bharti-Loop deal.
The Indian rupee opened marginally lower by 11 paise at 61.95 per dollar versus 61.84 Monday.
Market will be watching the largest public lender SBI closely as the bank will be announcing its Q3 earnings today
Gilts hold steady ahead of the trade deficit data due today and CPI inflation data tomorrow. Market participants build fresh positions on expectation that CPI could surprise on the positive side. Profit sales weigh.
Small and midcap stocks outperformed the market with gainers like MindTree, Muthoot Finance, Parsvanth and Apollo Tyres. Capital goods, realty and oil & gas stocks supported the market today.
Shares of Hindustan Unilever and Tata Steel rallied 2 percent each on value buying. Wipro, Axis Bank and Tata Power rose over 1 percent.
Private banks, technology, healthcare, capital goods and oil & gas stocks dragged market but public sector lenders and telecom stocks bucked the trend and helping the market to hold support levels.
The rupee opened higher by 18 paise at 62.33 per dollar versus 62.51 Tuesday.The yen extends its pullback early this morning, while higher-risk currencies like Australian dollar rally after turkey stunned markets with a massive interest rate hike in an effort to stem capital flight from its economy.
Rupee is trading near two-week lows tracking weakness in Asian currencies and dollar purchases by a large state-owned bank.