Sharemasterindia.com 3:30 p.m.: The Sensex provisionally closed 85 points lower at 27,602 and the Nifty slipped 28 points to settle at 8,335.
3:25 p.m.: The capital goods stocks were witnessing buying. The BSE capital goods index surged 2 per cent; Suzlon Energy, BHEL, Larsen & Toubro, Mahindra CIE and Crompton Greaves were among the top gainers, up 1.7-6.2 per cent each.
3:16 p.m.: Oil & gas stocks extend losses; the BSE oil & gas index fell 2 per cent. BPCL, Indian Oil, HPCL and Oil India fall 2-5.5 per cent each.
3:14 p.m.: Broader markets also came under selling pressure. The BSE mid-cap and small-cap indices slipped 0.3 per cent each. Essar Oil, MRPL, United Breweries, UPL, Bajaj Finserv, Cummins India, HPCL and Bajaj Holdings were the top losers from the mid-cap space.
3:07 p.m.: Ruchit Jain of Angel Broking says that Nifty is unlikely to correct significantly from the current levels. 8,250 is a major support for Nifty one should buy Nifty around 8,250 and at current levels the market will witness stock specific moves.
2.50 p.m.: Markets extend losses; Sensex down 100 points at 27,587.23 and Nifty fell 0.4 per cent (33 points) to 8,329.75. The IT sub-index of NSE, CNX IT is down 1.65 per cent.
2.35 p.m.: Eros International Media shares fell 20 per cent to hit lower circuit at Rs 430 after gaining around 11 per cent to Rs 597 as its management clarified that there is no stake sale plan to Fullerton. "We continue to evaluate strategic opportunities as part of ongoing business operations and confirm that Eros International Media Limited has neither had any discussions nor signed any agreements for such opportunities (other than already disclosed to the stock exchanges). We will continue to comply with the obligations under the listing agreement," the company said in a clarification given to exchanges.
2:06 p.m.: IT bellwether TCS will report its first-quarter earnings later today. Anand Rathi Securities has suggested an option strategy for trading in TCS shares ahead of its quarterly earnings.
1:56 p.m.: The small-cap stocks were witnessing some buying interest. Bhushan Steel, La Opala, GTL, Venkys, Gravita, Educomp and Suzlon Energy were among the top gainers from this space.
1:45 p.m.: BSE oil & gas index fell 1.45 per cent; BPCL, Indian Oil, HPCL, Oil India, ONGC, Reliance Industries and Cairn India were among the prominent losers.
1:34 p.m.: The last time Tata Consultancy Services reported its quarterly results, its shares posted their biggest one-day loss in six months. India's biggest outsourcer missed sales estimates, while its profits beat estimates mainly on account of higher other income. TCS' attrition rose for a fourth straight quarter.
According to Nomura, TCS has missed revenue growth expectations in the last three quarters because of segment-specific weakness in energy, telecom and insurance verticals.
Read More: Indian Stock Tips
3:25 p.m.: The capital goods stocks were witnessing buying. The BSE capital goods index surged 2 per cent; Suzlon Energy, BHEL, Larsen & Toubro, Mahindra CIE and Crompton Greaves were among the top gainers, up 1.7-6.2 per cent each.
3:16 p.m.: Oil & gas stocks extend losses; the BSE oil & gas index fell 2 per cent. BPCL, Indian Oil, HPCL and Oil India fall 2-5.5 per cent each.
3:14 p.m.: Broader markets also came under selling pressure. The BSE mid-cap and small-cap indices slipped 0.3 per cent each. Essar Oil, MRPL, United Breweries, UPL, Bajaj Finserv, Cummins India, HPCL and Bajaj Holdings were the top losers from the mid-cap space.
3:07 p.m.: Ruchit Jain of Angel Broking says that Nifty is unlikely to correct significantly from the current levels. 8,250 is a major support for Nifty one should buy Nifty around 8,250 and at current levels the market will witness stock specific moves.
2.50 p.m.: Markets extend losses; Sensex down 100 points at 27,587.23 and Nifty fell 0.4 per cent (33 points) to 8,329.75. The IT sub-index of NSE, CNX IT is down 1.65 per cent.
2.35 p.m.: Eros International Media shares fell 20 per cent to hit lower circuit at Rs 430 after gaining around 11 per cent to Rs 597 as its management clarified that there is no stake sale plan to Fullerton. "We continue to evaluate strategic opportunities as part of ongoing business operations and confirm that Eros International Media Limited has neither had any discussions nor signed any agreements for such opportunities (other than already disclosed to the stock exchanges). We will continue to comply with the obligations under the listing agreement," the company said in a clarification given to exchanges.
2:06 p.m.: IT bellwether TCS will report its first-quarter earnings later today. Anand Rathi Securities has suggested an option strategy for trading in TCS shares ahead of its quarterly earnings.
1:56 p.m.: The small-cap stocks were witnessing some buying interest. Bhushan Steel, La Opala, GTL, Venkys, Gravita, Educomp and Suzlon Energy were among the top gainers from this space.
1:45 p.m.: BSE oil & gas index fell 1.45 per cent; BPCL, Indian Oil, HPCL, Oil India, ONGC, Reliance Industries and Cairn India were among the prominent losers.
1:34 p.m.: The last time Tata Consultancy Services reported its quarterly results, its shares posted their biggest one-day loss in six months. India's biggest outsourcer missed sales estimates, while its profits beat estimates mainly on account of higher other income. TCS' attrition rose for a fourth straight quarter.
According to Nomura, TCS has missed revenue growth expectations in the last three quarters because of segment-specific weakness in energy, telecom and insurance verticals.
Read More: Indian Stock Tips
