Indian Oil Corporation (IOC) rose while ONGC and Oil India declined on reports that a panel of ministers has approved sale of a 10 percent government stake in IOC to ONGC and OIL India through a block deal on the stock exchanges.     

The BSE-30 share index, Sensex, resumed lower at 21,236.65 and hovered in a range of 21,192,36 and 21,270.11 before quoting at 21,199.22 at 1045 hours.
    
It showed a loss of 65.96 points, or 0.31 per cent, from its last close.
    
The NSE 50-share index, Nifty, also eased by 7.10 points, or 0.11 per cent, to 6,311.80 at 1045 hours. IT major TCS dropped by 4.27 percent.
    
Other major losers were HDFC (2.12 percent), Wipro (1.51 percent) and HDFC Bank (1.46 percent). However, Cipla rose by 1.66 percent, ONGC (1.39 percent), Sun Pharma (1.14 percent), Coal India (1.08 percent), HUL (1.05 percent) and SSLT (1.00 percent).
    
Asian stocks fell in their morning trade as US bank earnings disappointed and investors waited for Chinese economic data due next week.
    
Key benchmark indices in China, Singapore, Japan, South Korea and Taiwan were down by 0.15-0.56 percent while Hong Kong's Hang Seng rose 0.76 percent.

(Agencies)

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