Powergrid, Bajaj Auto and Kotak Mahindra Bank are trading with losses of around a percent eachThe domestic stock exchange have opened mildly at a loss, extending the losses of the previous day, ahead of derivatives expiry.
At 9:18 am, the BSE Sensex is trading at 59,358.50, lower by 80 points or 0.31 per cent and the NSE Nifty is at 17,688.50, down 26 points or 0.1 percent.
The wider indices are surpassing their largecap equivalents, with the BSE Midcap index and BSE Smallcap index gaining 0.5 percent and 0.8 per cent respectively.The markets are likely to be unpredictable during the day on account of expiry of September F-O series, according to analysts.On the global front, Asia-Pacific shares traded lower on Thursday early morning as financiers responded to the release of Chinese factory activity information for September.
Nikkei 225 slipped 0.67 percent, Topix decreased 0.65 percent and Kospi dipped 0.17 per cent.The Dow and the S-P 500 index recovered some lost ground overnight due to gains in protective shares and Boeing, after concerns over inflation and increasing treasury yields sparked among Wall Street's worst selloffs this year.
The Dow Jones ended higher by 0.30 per cent at 34,402.29 and S-P 500 was up 0.16 percent at 4,359.53; the Nasdaq Composite, nevertheless, ended down 0.26 per cent at 14,509.17.
On the stock-specific front, Dr Reddy's , L-T, Tata Steel and IndusInd Bank have gotten approximately a per cent each on the BSE.
Sun Pharma, Bajaj Finserv and ITC are the other significant gainers on the BSE.On the other hand, Powergrid, Bajaj Auto and Kotak Mahindra Bank are trading with losses of around a percent each on the BSE.The BSE market breadth is weak.
Out of 2,754 stocks traded on the BSE, there are 1,891 advancing shares as versus 729 decreases.