TCS, Maruti Suzuki, Bajaj Auto and Infosys have lost around a per cent each on the BSEThe criteria indices are trading in the red on Wednesday afternoon due to losses in auto and information technology shares.
The BSE Sensex is trading at 58,094.55, lower by 187 points or 0.33 percent and the NSE Nifty is at 17,302.70, down 59 points or 0.33 percent.
Heavyweights such Tata Consultancy Services, Maruti Suzuki, Infosys and Reliance Industries are dragging the markets.
The wider markets are, however, surpassing their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining 0.33 per cent each.In the currency market, the rupee plunged 23 paise to 73.65 versus the US dollar in early trade on Wednesday, tracking a strong dollar an d soft trend in domestic equities.
At the interbank forex, the rupee opened at 73.48 versus the dollar, then fell to 73.65, registering a decline of 23 paise from the last close.Among stocks in the news, EID Parry India has actually acquired almost 1 percent on the news that it will set up a 120 KLPD grain/sugar syrup/molasses-based distillery at Andhra Pradesh to make ethanol by using sugarcane juice or syrup as its principal feedstock throughout the walking cane crushing season, and grains such as broken rice, maize and bajra during the off-season.
Wipro has actually joined hands with Securonix, a Gartner Magic Quadrant Leader SIEM (Security Details and Event Management) vendor to deliver handled security services; the shares have slipped 1 per cent on the BSE.On the stock-specific front, automobile and information technology shares are experiencing some selling pressure in afternoon trading.
TCS, Maruti Suzuki, Bajaj Car and Infosys have actually lost around a per cent each on the BSE.On the other hand, choose banking shares are trading company, with Kotak Mahindra Bank, Axis Bank, IndusInd Bank, SBI and ICICI Bank gaining 1-2 per cent each.The market breadth is partially favorable.
Out of 3,214 stocks traded on the BSE, there are 1,615 advancing stocks as against 1,426 declines.