Live: Sensex Off Day’s Low; Infosys Falls on Heavy Volumes

11:09 a.m.: The stock markets came off the intraday high levels in the early noon trades. The Sensex was down 165 points at 24,736 and Nifty declined 43 points to 7,571.

10:54 a.m.: Infosys shares dip on huge volumes. As many as 5.7 million shares change hands on the BSE compared to its two week average of 1.33 lakhs shares. The stock fell as much as 3 per cent to hit intraday low of Rs 1,164.

10:36 a.m.: HDFC, Infosys, ITC, HDFC Bank, Maruti Suzuki and ICICI Bank were among the top Sensex movers.

10:10 a.m.: Banking stocks were among the worst hit. The Bank Nifty fell 1 per cent or 157 points to 15,479; Bank of India, Kotak Mahindra Bank, State Bank of India, HDFC Bank, ICICI Bank and Canara Bank were among the losers, down 1-2 per cent each.

10:07 a.m.: The stock markets continue to witness selling pressure. The Sensex fell as much as 242 points to 24,658 and Nifty declined 61 points to 7,553.

10:01 a.m.: HDFC was the top loser in the Nifty, the stock fell 2.4 per cent to Rs 1,075.50 after HDFC released pre-quarter indication on non-core items. It says that HDFC will make additional 1-time provision of Rs 450 crore against any unexpected risk in futures.

9:52 a.m.: Brokerage IIFL’s Sanjeev Bhasin expects the Nifty to hit 9,000 by the end of 2016 as a new bull market takes shape by August-September. He expects the blue chip index to climb to 11,000 by December 2017.(Read)

9:49 a.m.: Mid-cap and small-cap indices edge lower. The BSE Mid-cap index was down 0.25 per cent; Bharat Forge was the top loser from mid-cap space, down 2.4 per cent to Rs 771. Bharat Electricals, L&T Finance Holdings, JP Associates, Indiabulls Housing Finance, Shriram City Union Finance, Titan, Cummins India and Glaxo Smithkline were also down 1-2 per cent each.

9:45 a.m.: Selling pressure intensifies in banking, metal, realty, auto, capital goods, IT and FMCG shares.

9:38 a.m.: The stock markets extended losses. The Sensex fell over 150 points to hit low of 24,729 in trades so far and Nifty was down nearly 50 points at 7,568.

9:25 a.m.: The Indian stock markets edged lower in opening deals today on the back of subdued global cues.

The Sensex fell 100 points while the 50-share Nifty moved below its crucial psychological level of 7,600.

From the Nifty basket of stocks, 28 were declining while 23 were advancing.

HDFC was the top Nifty loser, down 2 per cent to Rs 1,081. Maruti Suzuki, Hindalco, Tata Motors DVR, Bharti Airtel, ITC, Larsen & Toubro, Reliance Industries and ICICI Bank were among the laggards.

On the other hand, Tata Power, BHEL, Axis Bank, ONGC, BPCL, Lupin and Adani Ports were among the gainers.

On the sectoral front, select banking, IT, auto, FMCG and capital goods stocks were witnessing selling pressure.

The broader markets were outperforming the benchmark indices. The BSE mid-cap index advanced 0.13 per cent and the small-cap index was up 0.2 per cent.

8:00 a.m.: The Sensex and Nifty are likely to open on a flat note tracking subdued Nifty futures on the Singapore Stock Exchange amid listless global cues.

The Nifty futures traded on Singapore Exchange also known as the SGX Nifty traded 0.10 per cent or 7 points lower at 7,626.

Asian share markets edged ahead on Thursday after a sharp rise in oil prices whetted risk appetites and boosted Wall Street, with even Japanese stocks regaining a little ground despite a rising yen.

Meanwhile, China’s Shanghai Composite was down 0.42 per cent, Hong Kong’s Hang Seng was up 0.13 per cent and Japan’s Nikkei fell 0.16 per cent.

Overnight, stocks on Wall Street and in Europe bounced from declines of more than 1 per cent in the prior session, led by energy and healthcare sectors.

The Dow Jones industrial average rose 86.29 points, or 0.49 per cent, to 17,689.61, the S&P 500 gained 15.44 points, or 0.75 per cent, to 2,060.61 and the Nasdaq Composite added 55.81 points, or 1.15 per cent, to 4,899.74.

Back home, foreign institutional investors sold shares worth Rs 493.56 crore while domestic institutional investors bought shares worth Rs 258.68 crore on Wednesday.