Markets have begun on a downbeat gap down note with the feeble the Asian markets cues. The Nifty is lower than the 4700 level and the Sensex has maintained over the 15700 standards.
All the 30-components of BSE are in the dismal zone. Reliance Industries, ICICI Bank, Bharti, L&T, Infosys and TCS were among the major slackers.
The Nikkei index was 0.7% low at 10,460 and Hang Seng index was 2% low at 19,690. Shanghai Composite dipped by 5.3% at 2,706.
Asian markets began with a pessimistic prejudice driven by mining stocks. The Shanghai SE Composite dipped for a third consecutive day with the index falling more than 5%. Canon Inc dipped 3%, Baoshan Iron fell 4.4%, China Merchants Bank dipped 4.5% and China Southern declined 14%. The MSCI Asia Pacific Index declined 0.5% as of 11:59 a.m. in Japan.
The Kospi Index was 1.4% low at 1,583 and the S&P/ASX 200 index was 0.5% low at 4,471.
The BSE 30-share fell 172 points and the NSE dropped 55 points at 10:02 am IST.