11:27 a.m.: Russia's Rosneft is in talks to buy stake in Essar Oil. Share price reacts negatively to this development, down 2.3 per cent at Rs 143.05
11:15 a.m.: Broader markets face the heat of selling pressure; BSE mid-cap index down 0.01 per cent and the small-cap index slips 0.1 per cent. United Breweries, Unitech, Essar Oil, J P Associates, JP Power, Adani Power and Reliance Infrastructure were among the top losers.
11:05 a.m.: Real estate stocks trade with a negative bias; Unitech, Anant Raj Industries, Prestige, HDIL and DLF were among the top losers.
10:47 a.m.: Bank Nifty slips 86 points to 17,372; Kotak Mahindra Bank falls 1.2 per cent to Rs 1,275 after FIPB defers proposal to raise investment limit for the foreign institutional investors. Kotak Mahindra Bank had sought for FIPB approval for raising investment limit by FIIs to 55 per cent.
ICICI Bank, Axis Bank, HDFC Bank, Federal Bank and Yes Bank also trade with a negative bias.
10:35 a.m.: Sensex falls 67 points to 26,519 and Nifty slips 21 points to 7,993.
10:30 a.m.: May trade deficit widens to $10.4 billion. Exports fell 20.2 per cent to $23.2 billion and imports shrunk 16.5 per cent to $ 32.8 billion on a year on year basis.
10:24 a.m.: Nifty 8,200 call option was the most active options contract on the National Stock Exchange. The contract premium fell 27 per cent to Rs 17.55 as many as 2.59 lakh shares have been added to the open interest which was at 4.6 million shares.
10:17 a.m.: Selling pressure visible across the board; banking, power, realty, capital goods, consumer durables, FMCG and pharma stocks were among the worst hit.
10:10 a.m.: Market expert, Ajay Bagga, says, that the markets will go down further and there is no optimism in the markets on the back of Greek concerns.
10:03 a.m.: Nestle shares fall over 2 per cent to Rs 5,808 after the company on Monday said that it would take a hit of more than Rs 320 crore from the continuing withdrawal and destruction of its Maggi instant noodles.
9:50 a.m.: Reliance Communications shares jumped 3 per cent in early trade on Tuesday following the company's announcement yesterday that it was in exclusive talks to buy Russian conglomerate Sistema's Indian mobile phone operations through a stock swap.
9:44 a.m.: Markets extends losses with Sensex down over 100 points to 26,483.Nifty off 30 points to 7,982.
9:40 a.m.: M&M gains over 1 per cent in early trade on aerospace deal with Airbus but pares gains.
9:35 a.m.: Cairn India, Bank of Baroda, HDFC, ICICI Bank, Bosch, Kotak Mahindra Bank, Idea Cellular, BHEL and Zee Entertainment among the top losers on the Nifty.
9:25 a.m.: The markets opened on a weak note in trades on Tuesday tracking weak global cues. The Nifty slipped below its crucial psychological level of 8,000 and the Sensex fell over 90 points.
Meanwhile, selling pressure was visible in banking, capital goods and IT stocks. The Bank Nifty was top sectoral loser, down 0.5 per cent.
From the Nifty-50 basket of stocks, 29 stocks were declining while 21 stocks were advancing.
Cairn India was the top sectoral loser, down 2 per cent at Rs 183.80. Bank of Baroda, ICICI Bank, HDFC, Kotak Mahindra Bank, Idea Cellular, Bosch, BHEL, IndusInd Bank and HDFC Bank were also trading 0.5-1.7 per cent lower on the Nifty.
The broader markets were trading on a subdued note. The BSE mid-cap index was up 0.05 per cent while the small-cap index was down 0.05 per cent.
9:15 a.m.: Markets edge lower on weak global cues; Sensex slips 52 points to 26,534, Nifty below 8,000.
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