The market reversed early trend and slipped into negative terrain in morning trade. At 10:34 IST, the barometer index, the S&P BSE Sensex, was down 15.04 points or 0.04% at 35,143.51. The Nifty 50 index was down 6.80 points or 0.06% at 10,578.40. Among secondary barometers, the BSE Mid-Cap index was down 0.41%. The BSE Small-Cap index was down 0.49%. The market breadth, indicating the overall health of the market, turned negative from positive in morning trade. On BSE, 982 shares rose and 1069 shares fell. A total of 119 shares were unchanged. Tata Motors (down 3.07%), Yes Bank (down 2.28%), Hero MotoCorp (down 1.56%), Power Grid Corporation of India (down 1.38%) and Vedanta (down 1.29%), were the top Sensex losers. Infosys (up 1.74%), Kotak Mahindra Bank (up 1.07%), TCS (up 0.73%), ONGC (up 0.64%), Tata Steel (up 0.55%) and Larsen & Toubro (up 0.50%), were the top Sensex gainers. Overseas, Asia markets were mixed as investors remain wary about global risks that include a trade fight between the US and China, growth outlook, as well as oil prices. Oil prices will also be closely watched on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies warned about surging oil output that is set to leave the crude market oversupplied in 2019. US stocks finished Friday on a low note, halting a four-session rally, after a selloff in oil prices, a hotter-than-expected reading on producer prices, and uneasiness about the housing market resurrected fears of an uncertain path for the economy here and abroad. Chairman Jerome Powell's Fed held benchmark rates at a range between 2% and 2.25% on Thursday, and said that the central bank expects further gradual increases in the target range for the federal-funds rate. On the US data front, the producer-price index for October rose 0.6%. Excluding volatile food and energy prices, producer prices increased by 0.5%. The University of Michigan's consumer-sentiment index fell slightly to 98.3 in November from 98.6 in October. Powered by Capital Market - Live News |