BSE Sensex fails to maintain 20K level,eases 10 pts

However,it declined afterwards to 19,948.45 before quoting 19,980.06 points at 1030 hours.

It showed a loss of 10.12 points or 0.05 per cent from its last close.

The NSE 50-share barometer Nifty also moved down by 5.55 points,or 0.09 per cent,quoting 6,063.75 at 1030 hours.

Major losers were – Sun pharma (1.55 per cent),followed by Larsen (1.10 per cent),Tata Motors (1.08 per cent),Coal India (0.90 per cent) and ICICI Bank (0.86 per cent).

However,TCS firmed up by 1.45 per cent,Wipro (1.02 per cent),Hero Motocorp (1.01 per cent),HDFC (0.89 per cent) and Bajaj Auto (0.79 per cent).

Foreign institutional investors (FIIs) bought shares worth a net Rs 976.99 crore yesterday,as per provisional data from the stock exchanges.

Most Asian markets rose in early trade with South Korean stocks jumping after a surprise rate cut by the nation’s central bank,while an improved earnings outlook spurred Japanese shares.

Key indices in Japan,Taiwan,South Korea and Singapore rose by 0.3 to 0.76 per cent,while stocks in China and Hong Kong fell by 0.27 to 0.65 per cent.

Indian stocks to watch-May 9

(Reuters): GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange are 0.25 percent up and the MSCI-Asia Pacific index excluding Japan is 0.31 percent higher.

Encouraging global data and Wall Street’s extended record run underpinned Asian shares on Thursday,with Japanese stocks leading the way to within striking distance of fresh five-year highs.

The S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad rally that keeps surprising investors with its longevity and resilience.

FACTORS TO WATCH

Earnings of Asian Paints Ltd,Punjab National Bank Ltd.

GoAir scouts for partners to sell 49 pct stake.

Financial Technologies,MCX to exit Dubai Gold and Commodity Exchange.

Top court says Indian government meddled in graft investigation.

India coal imports hit record high on slow domestic output-sources.

GMR Infrastructure looks to sell stake in 4 road assets to raise 18 bln rupees.

EU imposes anti-dumping duties on India’s steel wire exports.

India IOC to expand crude basket; plans 5 new oil deals.

India’s Jai Corp Jan-March net up 80.30 pct.

India’s ABB Ltd Jan-March net down 10.66 pct.

India’s top generic drugmakers look to US as patents end.

SKS Microfinance posts Jan-March net profit.

India’s GTL Jan-March net down 40 pct.

RIL-owned Reliance Fresh drags Bharti Retail to court over price comparisons.