Mumbai, India (BBN)-The Nifty and the Sensex were trading marginally down on tepid Asian cues.
At 10.55am, the 30-share BSE index Sensex was down 48.11 point or 0.18 per cent at 26,711.12 and the 50-share NSE index Nifty was down 10.8 points or 0.13 per cent at 8,233, reports The Hindu Business Line.
Among BSE sectoral indices, power index was down 0.59 per cent, oil & gas 0.47 per cent, consumer durables 0.42 per cent and PSU 0.28 per cent.
On the other hand, FMCG index was up 0.61 per cent, capital goods 0.19 per cent and realty 0.18 per cent.
Top five Sensex gainers were ITC (+1.05 per cent), Cipla (+0.57 per cent), Tata Motors (+0.53 per cent), Reliance (+0.49 per cent) and Maruti (+0.43 per cent), while the major losers were Dr Reddy’s (-2.33 per cent), M&M (-1.57 per cent), Coal India (-1.54 per cent), Power Grid (-1.38 per cent) and GAIL (-0.59 per cent).
A report by SMC Global said: “Asian stocks edged higher on opening, helped by a strong closing on Wall Street on the back of strong economic data.
US stocks ended at record highs fueled by optimism about plans to stimulate the economy with lower taxes and infrastructure spending followed by the latest US payrolls data indicated strong underlying wage growth, strengthening the case for more rate increases in 2017.
US job growth misses estimates as wage growth accelerated, report released by the Labour Department showed that employment in the US rose less than anticipated in the month of December.
According to a report, non-farm payroll employment climbed by 156,000 jobs in December, while economists had expected an increase of about 175,000 jobs.”
BBN/SK/AD