IT, pharma and select realty, consumer durables and power stocks trade strongly while the benchmark BSE index Sensex continues to languish in the negative terrain with a sharp loss on account of heavy selling activity in Reliance Industries, Reliance Communications, Bharti Airtel, ACC, Tata Steel, SBI and Grasim Industries.

At 12:28 p.m., the Sensex lost 191.25 points 10,439.87, while the Nifty stood at 3087.30, down 54.80 points.

Indian equities lost their strength and fell into the depressing zone because of heavy profit booking.

IT, consumer durables, realty stocks gained ground, whereas oil & gas and banking stocks went down.

BSE Midcap and Smallcap index surged 0.20% and 0.61% respectively.

The 30-share index BSE Sensex, today, opened with a gain of 300.05 points at 10,931.17.

In the previous day (Tuesday, Nov 4) session, the Sensex closed the day after gaining 293.44 points, while the NSE Nifty zoomed 98.25 points.

After opening with a loss of 33.11 points at 10,304.57, the 30-share index BSE Sensex continued to trade in a subdued manner.

IT stocks continue to languish in the red with sharp losses, and lost 6.12%, while realty, PSU, banking and FMCG stocks saw buying interest.

The BSE Midcap and Smallcap index gained 0.62% and 0.88% respectively.

At 12:59 p.m., the 30-share index lost 52.47 points at 10,285.21, after hitting a high of 10,387.19 and a low of 10,116.22.

Indian equities moved up in the positive terrain for a short while and soon slipped into the negative to trade on a flat note.

Some buying and selling is witnessed in bluechip stocks. Banking, PSU, power and banking stocks saw buying interest, whereas IT and auto stocks went down.

BSE Midcap and Smallcap index gained more than 1% each.

Today, Indian stock market opened with a loss of 33.11 points, at 10,304.57 as compared to the previous day session in which it gained 549.62 points.

Indian equities started the week negatively tracking hopeless global cues and heavy selling action witnessed by FIIs as well as retail investors.
The Sensex touched the 8,000 mark, while the Nifty embraced the 2,300 level during intra-day. Afterward, it recovered some lost ground on account of short covering and buying by domestic institutional investors.

The Bombay Stock Exchange (BSE) on Tuesday celebrated Diwali at evening when the index posted a sharp 547-point gain taking back some eagerness among investors after five days of decline.

Indian equities ended the week on a positive note on Friday (Oct 31), on account of continued buying action across board in frontline stocks.

Though the stock market lost its way for a moment during afternoon trading because of a negative closure on the Asian stock markets and a weak start in European markets, frenzied buying action in the final hour of trade boosted it to a strong closure on yesterday.

The US Federal Reserve cut bank rates by 50 basis points, and various other central banks are likely to follow suit sooner than later.