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2:00 p.m.: Market breadth turns negative as 1,326 stocks decline while 1,109 advance.
1:46 p.m.: Metal stocks were facing selling pressure. The BSE metal index was down 0.3 per cent; NALCO, JSW Steel, SAIL, Hindalco, Sindustan Zinc and Tata Steel were among the losers.
1:33 p.m.: European markets open lower. Germany's DAX falls 1.2 per cent, Britain's FTSE 100 index was down 0.2 per cent and French CAC 40 index fell 0.8 per cent.
1:26 p.m.: The stock markets were trading near its day's lowest levels. The Sensex was down 133 points at 25,152 and Nifty fell 41 points to 7,663.
1:22 p.m.: Shares of Himachal Futuristic Communications (HFCL) rallied as much as 15 per cent to hit intraday high of Rs. 16.45 after the company announced foray into the business of manufacturing defence equipment.(Read)
1:10 p.m.: Select FMCG, IT and banking shares were witnessing selling pressure.
1:02 p.m.: Sensex falls 100 points to 25,185 and Nifty down 28 points at 7,676 on the back of losses in blue-chip stocks like ITC, Infosys, HDFC, ICICI Bank, Hindustan Uniliver, Bharti Airtel and Dr Reddy's Labs.
12:50 p.m.: The stock markets continue to trade with a negative bias. The Sensex was down 77 points at 25,208 and Nifty fell 24 points to 7,681.
12:09 p.m.: Select banking shares were witnessing selling pressure. The Bank Nifty was down 0.2 per cent; ICICI Bank, Punjab National Bank, Bank of Baroda, Federal Bank, IndusInd Bank and Kotak Mahindra Bank were among the laggards.
12:00 p.m.: The market breadth was positive as 1,258 stocks were advancing while 934 were declining.
11:53 a.m.: Supreme Infrastructure India was the top loser from the small-cap space, up 17 per cent to Rs. 81.30. Excel Industries, Indoco Remedies, Premier Explosives, Sanghi Industries, Himachal Futuristic Communications and Binani Industries were also among the gainers, up 10-14 per cent each.
11:45 a.m.: Deutsche Bank has maintained buy on Cummins India for target of Rs. 1,105 per share. It says stock offers 15 per cent CAGR upside and Cummins India remains our top India industrials pick. It adds that the company is delivering 25-27 per cent RoE at a capacity utilisation of less than 60 per cent.(Click here for more brokerage calls)
11:29 a.m.: Kotak has maintained buy on ICICI Bank for target price of Rs. 340 per share. It says ICICI bank is well-funded to manage crisis and strong franchise is available at inexpensive valuation. It adds that transition to a retail business model is under way.
11:22 a.m.: BHEL was the top gainer in the Nifty, the stock advanced 4 per cent to Rs. 116. Tata Power, Mahindra & Mahindra, Maruti Suzuki, Lupin, Tata Motors, Bosch and Larsen & Toubro were also among the gainers, up 1-3.6 per cent each.
11:10 a.m.: Reliance Infrastructure was the top gainer in the mid-cap space, up 4 per cent to Rs. 532. United Breweries, Torrent Pharma, Petronet LNG, Cummins India, Titan and Havells were also among the gainers, up 2.5-4 per cent each.
10:46 a.m.: The stock markets came off the intraday low levels in the late morning trades. The Sensex was down 10 points at 25,275 and Nifty was down 4 points at 7,700.
10:30 a.m.: Himachal Futuristic Communications surges 15 per cent to Rs. 16.45 after the company said that it has got licenses for manufacturing electronic fuses, electro optical devices and communication equipments from defence ministry.
10:15 a.m.: The broader markets were outperforming the benchmark indices. The BSE mid-cap index was up 0.5 per cent and small-cap index advanced 0.34 per cent.
9:54 a.m.: The stock market extended losses. The Sensex fell 81 points to 25,204 and Nifty declined 28 points to 7,676.
9:45 a.m.: Ajay Srivastava of Dimensions Consulting, says liquidity will drive the stock market and fundamentals are not picking up. He urges caution, suggests investors take some profits off the table.
9:33 a.m.: Defence shares jump as government clears new procurement policy. Reliance Defence, BEML, Bharat Electronics, Bharat Forge and Rolta share advance 2-5 per cent each.
9:24 a.m.: The Sensex and Nifty edged lower in the opening deals on the back of mild profit-taking after the benchmark indices touched their highest levels in over two months.
The Sensex slipped nearly 50 points while the Nifty moved below its crucial psychological level of 7,700.
Mild selling pressure was visible in select banking, FMCG, and IT stocks. The Bank Nifty and the Nifty IT indices slipped 0.3 per cent each.
From the Nifty-50 basket of stocks, 32 stocks were declining while 18 were advancing.
Adani Ports was the top Nifty loser, down 1.74 per cent to Rs. 240. Ambuja Cements, ACC, HDFC, Infosys, Bank of Baroda, Hero MotoCorp, Axis Bank, Punjab National Bank, ICICI Bank, ITC and Cipla were also among the losers.
On the other hand, BHEL, Lupin, Bosch, Mahindra & Mahindra and Tata Steel were among the gainers.
8:00 a.m.: The Sensex and Nifty are likely to open on a flat note tracking listless trading of Nifty futures on the Singapore Stock Exchange amid subdued global cues.
The Singapore Nifty or commonly known as the SGX Nifty was up 0.1 per cent or 7 points at 7,718.
Meanwhile, most on the other Asian markets were also trading on a subdued note as hawkish comments from US Federal Reserve officials stoked uncertainty about policy makers' intentions less than a week after Fed Chair Janet Yellen had set out a more cautious path to rate increases this year.
China's Shanghai Composite was down 0.3 per cent and Hong Kong's Hang Seng slipped 0.07 per cent. On the other hand Japan's Nikkei surged over 2 per cent, reopening after a public holiday on Monday and getting a tailwind from a weaker yen.
Overnight, Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally.
The session, which closed slightly higher and opened slightly lower, followed a market-friendly move by the US Federal Reserve last week that pushed the S&P 500 and Dow into positive territory for the year.
The Dow Jones industrial average closed up 21.57 points, or 0.12 per cent, to 17,623.87, the S&P 500 gained 2.02 points, or 0.1 per cent, to 2,051.6 and the Nasdaq Composite had added 13.23 points, or 0.28 per cent, to 4,808.87.
Back home, foreign institutional investors (FIIs) continued to buy shares in the Indian stock markets. The FIIs bought shares worth Rs. Rs. 1,396.33 crore while domestic institutional investors sold shares worth Rs. 618.77 on Monday.
Shares of companies dealing in the defence sector such as Reliance Defence, BEML, Bharat Electronics, Rolta, Reliance Infrastructure and Bharat Forge will be on investors' radar after the government cleared new defence procurement policy. The policy will focus on India-made products and allows fast-track route to acquire weapons.
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