3:15 p.m.: Broader markets also showcase recovery. The BSE mid-cap index up 0.22 per cent and the small-cap index gains 0.11 per cent.
3:00 p.m.: Expert view- Daljeet Kohli, head of research at IndiaNivesh Securities told NDTV that the story of weak earnings growth will continue in FY16. He expects FY16 earnings to grow at not more than 7-8 per cent. Mr Kohli believes markets will correct further to adjust for the revised earnings estimates. He advices not to buy any stock at this moment.
2:55 p.m.: Nifty in green, up 2 points at 8,137, Sensex trades marginally lower at 26,826.
2:45 p.m.: Markets showcase smart recovery led by buying in oil & gas, capital goods and IT stocks. Sensex down 30 points at 26,806 and Nifty slips 4 points to 8,131.
2:40 p.m.: Reliance Industries, Bharat Petroleum, Tech Mahindra, Kotak Mahindra Bank and Infosys, Larsen & Toubro and HDFC among the top gainers on the Nifty.
2:27 p.m.: Sensex off day's low, down 174 points at 26,662 and Nifty down 48 points at 8,086 buying visible in select energy and IT stocks.2:16 p.m.: Selling pressure visible across the board. Metal, pharma, consumer durables and banking stocks among the worst hit.
1:48 p.m.: From the Nifty-50 basket of stocks 35 stocks fall while 15 stocks gain. BPCL, Tech Mahindra, Idea, L&T and Reliance Industries among the gainers.
1:40 p.m.: Metal stocks lose shine; NMDC cracks 5 per cent1:35 p.m.: NMDC, Vedanta, Punjab National Bank, Tata Steel, ICICI Bank, Sun Pharma, Tata Power, ONGC and Tata Motors among the top losers on the Nifty.
1:31 p.m.: Selling pressure picks up pace; Metal stocks among the worst hit, BSE metal index falls 2 per cent. Consumer durables, pharma, auto and banking stocks also on sellers radar.
1:20 p.m.: European markets make a gap down opening. Germany's DAX down 1 per cent, french CAC 40 index down 1.5 per cent and UK's FTSE 100 index down 0.7 per cent.
1:11 p.m.: Sensex plunges 182 points to 26,654 and Nifty down 51 points slips below 8,100. Selling pressure visible in metal, banking, auto, pharma and consumer durable stocks.
1:05 p.m.: The Nifty is in a clear downtrend and going ahead it can fall to 7,630 levels, says Rohit Srivastava, fund manager with Sharekhan.12:37 p.m.: Broader market edge lower. BSE mid-cap index falls 0.1 per cent and the small-cap index slips 0.08 per cent.
12:12 p.m.: Chinese stocks crack; Shanghai Composite falls 3.6 per cent as as signs that more brokerages are starting to tighten margin trading also spoiled sentiment. The country's equities have also sagged recently on concern that waves of new share offerings will sap liquidity in other stocks.
11:51 a.m.: Sensex slips 18 points to 26,818 and Nifty down 2 points at 8,133
11:31 p.m.: Pharma stocks come under selling pressure. CNX Pharma index down 0.5 per cent; Sun Pharma, Glenmark, Aurobindo Pharma and GSK Pharma among the top losers.
11:14 a.m.: BPCL, Tech Mahindra, Infosys, Idea Cellular, Bank of Baroda and Wipro among the top gainers on the Nifty.
10:53 a.m.: IT stocks gain as rupee slides below 64 against dollar. CNX IT index advance 0.4 per cent; Infosys, Tech Mahindra and TCS among gainers.
10:43 a.m.: Broader markets trade on a flat note. The BSE mid-cap and small-cap indices up 0.2 per cent each. Unitech, IVRCL, J P Associates, GTL and IIFL Holdings among the top gainers from the mid-cap space.
10:32 a.m.: BSE relaty index up 0.6 per cent after Wednesday's massive sell off. Unitech, Anant Raj Industries, NBCC, DLF, IndiaBulls Real Estate and Oberoi Realty among the top gainers.
10:15 a.m.: Unitech jumps 7 per cent to Rs 9.30 and Jaiprakash Associates gains 3.45 per cent to Rs 13.50 after yesterday's massive sell off.10:10 a.m.: Sensex down 17 points at 26,820, Nifty slips 8 points to 8,126.
9:53 a.m.: Nestle extends losses as Maggi controversy snowballs9:48 a.m.: Anil Manghnani of Morden Shares & Stock Brokers told NDTV that the market is currently looking like a 'sell on rally' type and in the worst case scenario, the Nifty can fall to 7,800 levels.
9:43 a.m.: Eicher Motors shares fall 5.85 per cent to Rs 17,144 as its partner Volvo sells 1 million shares or its 3.7 per cent stake in Eicher Motors.
9:38 a.m.: Sensex falls 89 points to 26,747, Nifty slips 25 points to 8,110 levels. Banking stocks weigh.
9:33 a.m.: Nestle shares extend losses; stock falls 6 per cent to Rs 5,824 over its ongoing controversy related to Maggi.
9:28 a.m.: Selling pressure visible in banking, auto, realty and FMCG stocks. Bank Nifty falls 0.4 per cent, CNX Realty index down 0.95 per cent and FMCG index slips 0.2 per cent.
9:23 a.m.: GAIL India, Infosys, Axis Bank, Zee Entertainment, Cipla, Bosch and BPCL among the top gainers on the Nifty. On the other hand, Tata Motors, ICICI Bank, NMDC, HCL Technologies, Hero MotoCorp, Sun Pharma and HUL among the losers.
9:18 a.m.: Sensex trades on a flat note in the opening deals. Sensex gains 25 points to 26,862, Nifty up 5 points at 8,140.
9:09 a.m.: Sensex jumps 103 points to 26,940 and Nifty up 20 points at 8,155 in the pre-market session.
9:00 a.m.: Rupee opens lower at 64.13/dollar against Wednesday's close of 63.89.
Rohit Shrivastva fund manager with Sharekhan says that Nifty can bounce back 50-100 points but overall sentiment is weak and he says that downtrend could last for upto two months and going ahead banking stocks would be the weakest of the lot. Nifty can head towards 7,630 in the near term and one should sell on rise, he adds.
8:30 a.m.: Nifty is likely to open on a flat note in trades on Thursday as indicated by the Nifty which is traded on the Singapore Stock Exchange.
The Nifty which is traded on the Singapore Stock Exchange commonly known as the SGX Nifty was trading 7 points or 0.09 per cent higher at 8,150.
8:00 a.m.: In the last two trading sessions, the Sensex and Nifty have plunged over 3.5 per cent each. The selloff was triggered after the market participants interpreted from the Reserve Bank of India's commentary that going ahead chances of another rate cut in the current calendar year remain bleak as monsoon uncertainty poses upside risk to inflation. The RBI also slashed its growth forecast for FY16 to 7.6 per cent from 7.8 per cent earlier.
Expectations of weak monsoon rains weighed upon the investor sentiment. India's weather department has said that monsoon rains are likely to be 88 per cent of the long period average compared to its earlier projection of 93 per cent. Weak monsoon rains would mean that the agriculture produce will be lesser which would lead to spike in inflation.
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