The Indian markets are trading on a soft note ahead of the outcome from today's FOMC meet. The US Federal Reserve is expected to announce its future direction on interest rates.
Analysts around the world are expected the US Fed to drop the word 'Patience' from its statement on interest rates.
The Bombay Stock Exchange (BSE) benchmark index, the Sensex, has so far dropped to a low of 28,600, and is now down 86 points at 28,650.
Mortgage lender, HDFC is the major dragger, down 1.3 per cent at Rs. 1,322. The stock alone has accounted for a loss of 32 points on the BSE index.
NTPC is the biggest per centage loser, down 2.2 per cent at Rs. 154. ONGC has shed 1.7 per cent at Rs. 309.
Hindustan Unilever, Tata Motors and BHEL have declined 1.3 per cent each to Rs. 919, Rs. 564 and Rs. 261, respectively.
On the other hand, Sesa Sterlite is the major gainer in the Sensex-30 stocks. It has rallied nearly 3 per cent to Rs. 198 on reports that the Environment ministry has revoked its ban on mining in Goa.
SBI, Sun Pharma and Hero MotoCorp are the other notable gainers. Tata Motors is trading on a dull note on the BSE in early morning deals, on the back of lower-than-expected global wholesales data.
Among other stocks, Cadila Healthcare surged 4 per cent to touch a high of Rs. 1,745 in early deals on back of new drug launch for treatment of Hepatitis C in India by the Zydus group.
Madhucon Projects has hit the 5 per cent upper circuit at Rs. 58.05 on winning fresh order worth Rs. 397 crore from National Highway Authority of India (NHAI).
VHCL is locked at the 10 per cent upper circuit at Rs. 6.67 after the company fixed the record date for the proposed bonus issue. The company to the BSE, VHCL has fixed 27 March, as the record date for 3:1 bonus issue, three free shares for every shareholder holding a share as per the record date.
Wockhardt is trading in the negative territory after the patent office refused a patent for an oral salt form of diacerein, used to treat osteoarthritis, invented by the company. The stock slipped over 3.5 per cent to a low of Rs. 1,850.
Aegis Logistics is trading at new life-time high, up 12.5 per cent at Rs. 608 on the back of renewed buying interest at the counter.
Analysts around the world are expected the US Fed to drop the word 'Patience' from its statement on interest rates.
The Bombay Stock Exchange (BSE) benchmark index, the Sensex, has so far dropped to a low of 28,600, and is now down 86 points at 28,650.
Mortgage lender, HDFC is the major dragger, down 1.3 per cent at Rs. 1,322. The stock alone has accounted for a loss of 32 points on the BSE index.
NTPC is the biggest per centage loser, down 2.2 per cent at Rs. 154. ONGC has shed 1.7 per cent at Rs. 309.
Hindustan Unilever, Tata Motors and BHEL have declined 1.3 per cent each to Rs. 919, Rs. 564 and Rs. 261, respectively.
On the other hand, Sesa Sterlite is the major gainer in the Sensex-30 stocks. It has rallied nearly 3 per cent to Rs. 198 on reports that the Environment ministry has revoked its ban on mining in Goa.
SBI, Sun Pharma and Hero MotoCorp are the other notable gainers. Tata Motors is trading on a dull note on the BSE in early morning deals, on the back of lower-than-expected global wholesales data.
Among other stocks, Cadila Healthcare surged 4 per cent to touch a high of Rs. 1,745 in early deals on back of new drug launch for treatment of Hepatitis C in India by the Zydus group.
Madhucon Projects has hit the 5 per cent upper circuit at Rs. 58.05 on winning fresh order worth Rs. 397 crore from National Highway Authority of India (NHAI).
VHCL is locked at the 10 per cent upper circuit at Rs. 6.67 after the company fixed the record date for the proposed bonus issue. The company to the BSE, VHCL has fixed 27 March, as the record date for 3:1 bonus issue, three free shares for every shareholder holding a share as per the record date.
Wockhardt is trading in the negative territory after the patent office refused a patent for an oral salt form of diacerein, used to treat osteoarthritis, invented by the company. The stock slipped over 3.5 per cent to a low of Rs. 1,850.
Aegis Logistics is trading at new life-time high, up 12.5 per cent at Rs. 608 on the back of renewed buying interest at the counter.
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