Indian equities belled the day (Monday, Dec 29) on a weak note because of negative global cues.

Select FMCG, pharma, metal and oil stocks went up, while realty stocks slipped on selling pressure.

There were huge losses for a variety of stocks from auto, capital goods, information technology, power and banking sectors as well.

BSE Midcap and BSE Smallcap stocks remain quite subdued this morning.

At 10:26 a.m., the BSE Sensex, which opened with a small negative gap at 9318.86, stood at 9204.97, down 123.95 points.

Tokyo - Japan's markets shed value Monday mo

Tokyo - Japan's markets shed value Monday morn

The BSE Sensex lost a further 240 points to close at 9,329, thus sliding for the fourth consecutive session. The weekly sensex loss was taken to 771 points or 7.6% by the Friday's fall. Due to the day's slide, the investor's lost up to Rs 53, 000 crores with BSE market capitalization now at Rs 30.1 lakh crore.

It has also been learnt that the advance tax collections for the quarter were 22% less on a yearly basis. According to the market players, the government's announcement that advance tax collections were lower pointed to lower profitability for the corporates and hence the slide in the market.

Indian Stock markets opened positive on Friday. NSE Nifty was up by 32 points. Among major gainers were Reliance Petro, Satyam Computers, Suzlon Energy, Unitech and HDFC.

Major losers on NSE were HCL Tech, Power Grid, NALCO, Siemens and Hero Honda.

HDFC Securities research report expects markets to open strong and remain rangebound for the trading session.

ICICI Direct suggests strong support for NSE Nifty at 2890 and 2870. The immediate resistances for Nifty are 2920 and 2940.

Tokyo - Stocks in Tokyo inched up Thursday after Wall Street gains on encouraging data on US consumer spending.

The benchmark Nikkei 225 Stock Average was up 36.03 points, or 0.42 per cent to 8,553.13 by mid-trading. Trading volume was low as investors were absent because of the Christmas holidays.

The broader Topix index of all first-section issues rose 5.23 points, or 0.63 per cent, to 832.22.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 90.49-54 yen, up from Wednesday's 5 pm quote of 90.36-39 yen.