Indian equities slipped further into the negative terrain on the back of heavy selling witnessed across board.

Realty, metal, banking and consumer goods have suffered sharp losses.

FMCG, oil, telecom, pharma and power stocks also drifted down sharply. IT stocks that were see ruling firm till a little while ago, have ceased most of their gains.

BSE Midcap and Smallcap index fell more than 1% each on heavy selling.

At 2:04 p.m., the 30-share index Sensex stood at 9,656.93, down 182.76 points. It also touched a high of 9,928.60 and a low of 9,559.33.

The Sensex recovered its early losses and trying to make headway towards positive terrain.

Realty, auto and FMCG stocks led the declining charts, whereas IT stocks gained ground. BSE Midcap and Smallcap index lost 0.85% and 0.87% respectively.

With no great triggers on the way, the mood remains quite watchful on the bourses today.

The Sensex fell below the 10,000 level on the back of heavy selling action, weak global markets and fears of a deep and prolonged recession.

Realty, oil & gas, consumer goods and metal stocks were hammered badly.

The various relief and rescue packages declared by worldwide central banking institutions failed to lift investor response.

At 1:37 p.m., the 30-share index, BSE Sensex stood at 9936.97, down 599.19 points, from its previous closing mark, while the broad-based Nifty slipped to 2971.30, down 176.95 points.

Stock market analysts have maintained ‘buy’ rating on Hindustan Construction Company stock with a short term of Rs 68 in 2-3 weeks.

According to analysts, investors with a short-term horizon can purchase the stock around Rs 59 with a stop at Rs 55. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 72 within the said time period.
 

India equities belled the day on a

Indian equities closed the week positively on the back of heavy buying action witnessed in blue-chip stocks including Reliance Infra, Hindalco and Reliance Communication.

Power, oil & gas, metal and PSU stocks witnessed stock specific action. BSE Midcap and Smallcap index gained 1.11% and 0.51% respectively.

The 30-share index, BSE Sensex, on Friday (Nov 8), opened negatively for the third straight session at 9,631.59 after losing 102.59 points on rising global recessionary pressures.