After a gap up opening, markets have erased their early gains on account of profit booking. The selling pressure on the index heavyweights such as Tata Motors, Axis Bank, ITC has dragged the markets lower.

At 11:30 am, the S&P BSE Sensex was down by 5 points at 25,488 and the Nifty50 gained 4 points at 7,754.

The BSE Sensex and NSE Nifty are likely to open on a cautious note on Tuesday tracking mixed Asian markets ahead of US Federal Reserve meet.

Asian markets were mixed on Tuesday, as investors were reluctant to make any big moves amid volatile crude oil and before a widely anticipated US interest rate increase by the Federal Reserve later this week. Hang Seng and Shanghai were up 0.46 per cent and 0.14 per cent, while Nikkei were down 0.73 per cent in the morning trade.

Shares of Larsen and Toubro (L&T) have slipped almost 2% to Rs 1,298, also its 52-week on the National Stock Exchange (NSE) in intra-day deals today.

Meanwhile, the company has secured orders worth Rs 1,960 crore across business segments.

Donear Industries has locked in upper circuit for the second straight day, up 20% at Rs 24, also its 52-week high on the BSE.

The counter has seen huge trading volumes with a combined 3.24 million shares changed hands till 10:58 AM as compared to sub one million shares that were traded daily in past two weeks. There were pending buy orders for 1.5 million shares on the BSE and NSE.

Indian regulators have launched an unprecedented drive to boost corporate transparency, bombarding firms with disclosure demands, but clumsy execution has created suspicions of a box-ticking exercise that may not entirely achieve its aim.

Poor disclosure among India-listed firms is a turnoff for foreign investors, a weakness Asia's third-largest economy can ill afford as competition for overseas capital heats up among emerging markets in expectation of higher U.S. interest rates.

Benchmark indices continue to witness negative trend weighed down by index heavyweight shares like ITC, Tata Motors and HDFC.

Further, the Nikkei/Markit Services Purchasing Managers' Index fell sharply to 50.1 in November from October's eight-month high of 53.2.

Bharti Airtel has dipped nearly 4% to Rs 322, extending its previous day’s 2% decline on the BSE, after the company announced that it plans to invest Rs 60,000 crore over the next three years to expand its network.

This investment of Rs 60, 000 crore is over and above the Rs 1, 60,000 crore Airtel has already invested in its active and passive network, spectrum, fiber, submarine cables and systems till date, Bharti Airtel said in a release.

Benchmark indices BSE Sensex and NSE Nifty are likely to open on a flat to cautious note on Friday taking cues from SGX Nifty and Asian markets.

At 8.27 am (IST), SGX Nifty was marginally down 5 points, or 0.06 per cent, at 7,928.50.

Mumbai: Markets ended in the red for the second straight day as the benchmark BSE Sensex slipped by about 44 points to end at 25,775.74 on offloading of positions by participants amid a mixed trend in Asia and a lower opening in Europe. Besides, caution before the expiry of November series contracts in the derivatives segment on Thursday had a bearing on mood.

Mumbai: The benchmark Sensex on Monday recorded its first drop in three sessions after fluctuations for better part of the session, falling over 49 points as caution prevailed ahead of derivatives expiry during a holiday-shortened week. Furthermore, a weak closing in Asia, subdued commodity prices on the back of a rising dollar and concerns over Chinese demand and a lower opening in European markets kept investors on edge.

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