Indian stocks turned down for the third day, with the key index witness its

In morning trades, Bharat Heavy Electricals (BHEL) decline 3.4% to Rs 1,549 on the Nifty. It has touched an intraday high of Rs 1,599.90 and an intraday low of Rs 1,541.

The company signed up MoU for 1000 MW Sudan Project.

It is trading with total volumes of 159,935 shares. Yesterday the share lost 4.99% or Rs 84.30 at Rs 1,603.60.

Anil Manghnani of Modern Shares & Stock Brokers is of the vision that the investors interested in buying Unitech, will buy it between Rs 460 and Rs 439.

Today, the stock market opened at 14,309.37, and continued its declining trend accompanied by weak global signs in the morning trades.

Asian stock markets slipped further.

Bears continued their domination over buying and selling action on Thursday. Strengthening of existing bearish response on Friday is likely to fetch other stocks in their favor. In contrast, optimistic response on Friday is expected to alter the current outlook.

In spite of the tough basics, Indian market is affected gravely on ongoing US subprime disaster in conjunction with political disputes on nuke contract issue between the Congress and Left parties, added technical analyst, Vishwas Agarwal.