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The Intraday market remained marginally under selling pressure in noon trade following weak Asian cues. The Indian rupee breached 65 a dollar, down 33 paise to 65.07 on strong dollar demand. The 30-share BSE Sensex fell 33.62 points to 26855.55 and the 50-share NSE Nifty slipped 15.55 points to 8128.05. About 1311 shares have advanced, 1019 shares declined, and 94 shares are unchanged.
Hindalco (-4 percent), Vedanta (-4 percent), ONGC (-3 percent) and HCL Tech (-3 percent) were the big losers in the Nifty. Other laggards in the index were GAIL (-1 percent), Hero Motocorp (-1 percent) and Bosch (-1 percent). Gainers included BPCL (2 percent), Bajaj Auto (2 percent), UltraTech Cement (1 percent) and Coal India (1 percent).
In second line shares, investors showed better appetite for small cap shares than mid cap shares, with the BSE Small Cap Index up 0.3 percent and the BSE Midcap Index down 0.02 percent. Bajaj Auto, Lupin, Coal India, Wipro and BHEL are top gainers while Hindalco, Vedanta, ONGC, Tata Steel and Infosys are major losers in the Sensex.
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The Intraday market is completely flat after the initial euphoria on Infosys results. The Sensex is up 5.53 points at 27085.04 and the Nifty is up 4 points or 0.05 percent at 8193.70. About 1259 shares have advanced, 909 shares declined, and 90 shares are unchanged.
Vedanta, Hindalco, Tata Motors, Tata Steel and BHEL are top gainers while Infosys, Cipla, HDFC, Wipro and Lupin are major laggards in the Sensex. IT index is down 1 percent from previous close. Infosys touched record high at Rs 1219 intraday after September quarter results but soon cooled off.
The Intraday stock is down 3 percent. Infosys' Q2 profit increased 12 percent to Rs 3,398 crore from Rs 3030 crore on sequential basis. CFO Rajiv Bansal has resigned. Gold is near its highest in seven weeks, bolstered by expectations the Federal Reserve will not hike US interest rates soon.

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The Indian Share Market continued to see marginal selling pressure, though it recouped losses from day's low post rate cut by RBI. Pharma, metals and telecom stocks remained under pressure while select technology, capital goods and banking & financials supported the market. The Sensex fell 25.93 points to 25590.91 and the Nifty dropped 11.45 points to 7784.25.
About 866 shares have advanced against 1306 shares declined on the BSE. The Reserve Bank of India surprised street by cutting repo rate by 50 basis points to 6.75 percent against forecast of 25 basis points. Repo rate slipped below 7 percent for first time Since March 2011. Andhra Bank is the first one which reacted by cutting its base rate by 25 basis points to 9.75 percent w.e.f. today post RBI's surprise repo rate cut.
The Indian Stock market recovered sharply with the Nifty hitting 7800-mark after the Reserve Bank of India surprisingly cut repo rate by 50 basis points. Equity benchmarks are still under pressure though showed smart recovery from days low. The Sensex declined 97.82 points to 25519.02 and the Nifty fell 36.70 points to 7759. About 801 shares have advanced, 1338 shares declined, and 98 shares are unchanged on the BSE.

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===============================================The Intraday market continued to see range bound trade with the nifty moving in tight range of 7840-7880. Banking and select Pharma stocks gained strength while index heavyweights like Infosys, Reliance Industries & HDFC declined. The Sensex fell 25.47 points to 25838.03 and the Nifty plummeted 5.90 points to 7862.60. The market breadth was positive as about 1304 shares have advanced against 786 shares declined on the Bombay Stock Exchange.
Infosys, HDFC, Tata Motors, Coal India, Hero Motocorp and Vedanta dropped 1-2.5 percent. However, ICICI Bank, Lupin, SBI, Axis Bank, Dr Reddy's Labs, HUL, M&M, Cipla and Hindalco gained 1-2 percent. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent each. About 1013 shares have advanced, 658 shares declined, and 61 shares are unchanged on the BSE.
TCS, Lupin, SBI, Cipla, HDFC Bank, Tech Mahindra, Idea Cellular and Adani Ports gained 1-2 percent. However, Tata Motors, Sun Pharma, Wipro, UltraTech Cement and Cairn India fell 1-2 percent. Shares of Dr Reddy's Laboratories rallied more than 6 percent intraday on launching gastric ulcer drug in the US market. The Sensex rose 3.92 points to 25867.42 and the Nifty climbed 5.35 points to 7873.85. About 1299 shares have advanced, 723 shares declined, and 80 shares are unchanged on the BSE.