Live: Domestic markets shrug off previous gain; Maruti Suzuki down 1.6%

Nifty holds 8600 mark 

European markets are higher today with shares in Germany leading the region. The DAX is up 0.58% while France's CAC 40 is up 0.27% and London's FTSE 100 is up 0.10%.

MOIL surged by 2.31% to Rs. 247.90 on BSE as Madhya Pradesh government approves lease of 76.4 hectare land for mining in Bharveli Awlajhari. 

Tribhovandas Bhimji Zaveri slumped by 1.05% to Rs. 71 after the rating agency CRISIL downgrades long term rating from CRISIL A- to CRISIL BBB+. The stock opened at Rs. 71.30 unchanged from its previous closing. 

Government revises request for proposal for Specified Undertaking of Unit Trust of India (SUUTI) stake sale in ITC, L&T and Axis Bank. The share price of ITC was trading at Rs. 252.05 up by 0.30%, while Larsen & Toubro was above 0.35% to Rs. 1,590.95 and that Axis Bank surged by 0.97% to Rs. 543.50. 

Top results today - Maruti Suzuki India, Dr Reddy's Laboratories, Zee Entertainment, ACC, Ambuja Cements, TVS Motor, United Spirits, IDFC Bank, IDFC, Ajanta Pharma, Bajaj Finance.

The indian markets are trading positive despite weak global cues. Sensex has jumped 27 points 0.10% to 28,122.10. While Nifty was above 5 points or 0.06% at 8,641. The 30-stock index was trading with 17 advances and 13 declines and that of 51-stock index was with 34 advances 16 declines and 1 remaining unchanged. 

Weak cues from global markets

Rupee today opened steady compared to previous trading session. The local currency is trading 67,403 down by 0.008 paise or 0.01%. It opened at 67.411. 

Asian markets are mixed as Japan shares slump and Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.43% at 3,028.65 while the Hang Seng is up 0.79% at 22,166.24. The Nikkei 225 shrinked 1.55% to 16,362.88.