Lot of action was in few counters but considering the whole market the proceeds were on the minor side around Rs 49,500 crore on the F&O space as against Rs 56,000 crore during the previous week, so just about 15 per cent decline in turnover.

According to stock market expert Narendra Nainani, looking at the Nifty futures, which marked their closure provisionally around 5 or 6 points premium but intra-day they had descended into discount so from the lows of the day stock market has recovered and investors could have seen some fresh long positions returning into the Nifty.

Tokyo  - The Tokyo market fell Wednesday after concerns over US firms' earnings reports led Wall Street to overnight losses.

The benchmark Nikkei 225 Stock Average dipped 174.22 points, or 1.97 per cent, in morning trading to 8,658.63.

The broader Topix index of all first-section issues was down 12.73 points, or 1.53 per cent, at 819.87.

On currency markets at 9 am (0000 GMT), the dollar traded at 100.62-67 yen, up from Tuesday's 5 pm quote of 100.54-56 yen.

New York  - US stocks lost ground for a second day as oil prices fell and analysts on Tuesday suggested a rally that lasted through much of March was unsustainable in the current economy.

The selloff came as the first quarterly earnings reports for 2009 were due to be announced.

Company profits were expected to drop about 37 per cent, according to a survey of Wall Street analysts by the Bloomberg financial news agency. It would be the seventh straight quarter of falling earnings.

Singapore  - The Singapore Exchange Limited (SGX) will launch a new access platform to its securities market and data on April 27, it was announced Tuesday.

The new access platform, SGXAccess API1, will offer latency improvements of more than 10 times, achieving an average of up to 16 milliseconds for order acknowledgments, and is marektet as an alternative to the existing SGXAccess FIX2 platform.

The benchmark Sensex, on Monday (April 06), marked its closure on a strong note although profit-booking at higher levels trimmed early sharp gains.

The firm buying action witnessed across frontline stocks assisted Sensex to continue its positive run for the fourth straight session, gaining by another 186.04 points to end at nearly a 5-month peak of 10,534.87.

The broad-based NSE Nifty surged 45.55 points (1.42%) at 3,256.60 after touching an intraday high of 3,303.90 and an intraday low of 3,211.35.

Tokyo  - Tokyo stocks ended Tuesday morning's trading modestly higher on optimism over the domestic economy and a rise in carmakers' shares caused by expectations for a resurgence in global demand.

The benchmark Nikkei 225 Stock Average inched up 26.52 points, or 0.3 per cent, to 8,884.45.

The broader Topix index of all first-section issues was also up 4.49 points, or 0.54 per cent, at 835.46.

On currency markets at 9 am (0000 GMT), the dollar traded at 100.43-48 yen, down from Monday's 5 pm quote of 101.15-18 yen.