Bigprofitbuzz

8:54 AM:  The Indian stock market is likely to open lower on weak global cues. Though some buying is expected at lower levels, activity will be mostly stock specific with quarterly results providing some cues. The market is likely to see some wild swings during the session.BHEL, State Bank of India and Tata Steel will report their earnings today. DCM Shriram, Dish TV India, Hindustan Copper, JSW Steel, Indraprastha Gas, NIIT and Welcorp will also announce their quarterly results.

9:24 AM:  The Indian stock market opened notably lower this morning on weak global cues.Capital goods, realty, power and bank stocks are trading weak.Automobile and metal stocks have also opened on a weak note.Select IT stocks have moved up smartly.The Sensex, which declined to 19,946,48, is now down 58 points or 0.29% at 20,004.24.The Nifty is down 24.10 points or 0.4% at 6070.4, off an early low 6049.95.

10:30 AM: Key benchmark indices weakened to hit fresh intraday low in morning trade as weakness in Asian stocks weighed on sentiment adversely. The barometer index, the S&P BSE Sensex hit lowest level in over a week below the psychological 20,000 mark. The 50-unit CNX Nifty also hit lowest level in over a week. The Sensex was down 135.86 points or 0.68%, up close to 40 points from the day’s low and off about 100 points from the day’s high. Index heavyweight and cigarette major ITC edged lower. Another index heavyweight Reliance Industries (RIL) also edged lower. The market breadth, indicating the overall health of the market, was weak.

11:35 AM: Key benchmark indices extended losses to hit fresh intraday low in mid-morning trade as weakness in Asian stocks weighed on sentiment adversely. The barometer index, the S&P BSE Sensex hit lowest level in over a week below the psychological 20,000 mark. The 50-unit CNX Nifty also hit lowest level in over a week below the psychological 6,000 mark. The Sensex was down 309.25 points or 1.54%, off about 270 points from the day’s high. Index heavyweight and cigarette major ITC extended intraday losses. Another index heavyweight Reliance Industries (RIL) also extended intraday losses. The market breadth, indicating the overall health of the market, was very weak. Realty stocks fell for the fourth straight day.

12:31 PM: Key benchmark indices trimmed losses after hitting fresh intraday low in early afternoon trade. Sharp cut in Asian stocks and slide in US index futures weighed on sentiment adversely. The barometer index, the S&P BSE Sensex pared losses after hitting lowest level in over a week below the psychological 20,000 mark. The 50-unit CNX Nifty also pared losses after hitting lowest level in over a week below the psychological 6,000 mark. The Sensex was down 306.91 points or 1.53%, up close to 60 points from the day’s low and off about 330 points from the day’s high. Index heavyweight and cigarette major ITC edged lower. Another index heavyweight Reliance Industries (RIL) extended intraday losses. The market breadth, indicating the overall health of the market, was very weak. Auto stocks declined across the board. All the 13 sectoral indices on BSE were in the red.