Nifty futures on Singapore Exchange were down 0.19 per cent or 20 points as of 8:30 am.
Other gainers that supported the key indices were Asian Paints, Bajaj Auto, Hero MotoCorp, M&M, HUL, TCS, L&T, NTPC and Maruti Suzuki, gaining by up to 2.06 per cent. Broader markets were in better form with smallcap and midcap indices rising 0.53 per cent and 0.40 per cent, respectively.
The NSE Nifty edged lower on Wednesday, retreating from record highs hit in the previous three sessions after a rise in bad loans at Axis Bank sparked concerns about the recovery of stressed assets in the country's banking sector.
At 11.30 AM: Sensex was over 102 points down or 0.31% at 32,506.88 while the wider Nifty was down by over 42 points or 0.41% at 10,192.30. The stock cracked 7 per cent in morning trade. However, Axis Bank posted a 38% rise in the July-September net profit to Rs 432 crore versus Rs 319 crore in the corresponding quarter a year ago and Rs 1,305 crore in April-June quarter of FY 2018.
Axis Bank shares slumped almost 7 percent. "Buoyancy on the local front helped the index to make a firm start as participants took note of Reliance's results and contraction in the trade deficit figure", said Jayant Manglik, president, retail distribution, Religare Securities.
HT Media dropped 1.7 percent despite posting over two-fold jump in its Q2 consolidated net profit.
Bharti Airtel shares jumped 2.6 percent to extend gains for a third straight day. Shanghai Composite gained 0.27 per cent.
But selling at higher levels dragged it to 10,212.60, before the index settled at a new peak of 10,234.45, up 3.60 points, or 0.04 per cent.
Facebook's head of Building 8 development unit steps down
Building 8 has also teased more futuristic work on brain-scanning technology that would allow people to type with their thoughts. Before Google, Dugan was the director of DARPA , the special research lab that builds new technology for the USA military.
'Tiger Zinda Hai' : First Poster released
Interestingly, the " Tiger Zinda Hai " poster is one of those rare posters where Salman Khan's face is visible. In the first look, Salman Khan has an intense look in his eyes as he holds a machine gun in his hand.
Inflation drops but food prices rise
Fuel prices also pushed higher, with petrol and diesel both stepping up by 2.5p on the month to 118.2p and 120.1p respectively. Rentals increased 1 percent in Wellington and 0.5 percent in Auckland and fell 0.2 percent in Canterbury, Stats NZ said.
Loan waiver disbursal starts tomorrow in Maharashtra
We have a software in place which has been tested and has a database of around six million applicant-farmers", Fadnavis added. It happened as the government did not receive the application form details from banks.
Intel to release first AI processor by year-end
Meanwhile, Intel's arch-rival Qualcomm has been working on chips that are exceptionally good at executing AI programs. Matrix multiplication and convolutions are a couple of the important primitives at the heart of Deep Learning .