3:37 p.m.: The Sensex closed 143 points lower at 24,682 and Nifty declined 53 points to settle at 7,510 on the back of selling in banking, IT and oil & gas stocks.
3:26 p.m.: Select buying was visible in power, FMCG, healthcare and consumer durable stocks.
3:10 p.m.: Bank Nifty fell 1.73 per cent; Federal Bank was the top losers, the stock fell 7.74 per cent to Rs 48.25 after the bank reported its third quarter numbers. Yes bank, Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Axis Bank and IndusInd Bank were also among the losers, down 2.65-3.2 per cent each.
2:50 p.m.: Private lender IndusInd Bank kicked off the earnings season by delivering strong operating performance. The Mumbai-based lender reported a 30 per cent year-on-year rise in net profit at Rs 581 crore.
IndusInd Bank's net interest income, or the difference between interest earned on loans and interest paid on deposits, grew 36 per cent annually to Rs 1,173 crore. (Read)
2:20 p.m.: Indian Bank shares gained as much as 2.3 per cent on Tuesday, after the public sector lender said it plans to raise Rs 1,100 crore to meet the Basel III capital adequacy norms.
A decision on the proposed fund-raising will be taken in board meeting on January 19, Indian Bank said. (Read)
2:11 p.m.: Federal Bank third quarter net profit falls 38 per cent to Rs 162.72 crore as against Rs 264.69 crore during the same period last financial year. Shares slip 2.6 per cent to Rs 50.95.
2:01 p.m.: The stock markets came off the intraday low levels. The Sensex was down 136 points at 24,689 and Nifty was down 47 points at 7,516.
1:55 p.m.: Singer, Indian Terrain, Castex, Triveni Engineering, Grauer & Weil and Meghmani Organics were among the losers from the small-cap space.
1:45 p.m.: NTPC, Sun Pharma, Adani Ports, BHEL, Mahindra & Mahindra, BPCL and Larsen & Toubro were among the gainers in the Nifty.
1:24 p.m.: Market breadth turned bearish as 1,669 stocks were declining while 936 were advancing.
1:16 p.m.: The stock markets extended losses as selling pressure was visible across sectors. The Nifty fell to fresh 52-week low of 7,488 and the Sensex fell 228 points to hit low of 24,597.
1:12 p.m.: Rupee hits intraday low of 66.93 against US dollar falls 18 paise.
1:00 p.m.: Unitech, J P Associates, Suzlon, HFCL, Subex, State Bank of India, Reliance Power and Vedanta were among the most heavily traded stocks on the National Stock Exchange.
12:44 p.m.: Shares of AIA Engineering, Allahabad Bank, Alstom T&D, Canara Bank, Gujarat Flurochemicals, IDFC Bank and Indian Bank from the mid-cap space touched 52-week low on the National Stock Exchange.
12:37 p.m.: Axis Bank was the top loser in the Nifty down, 3.2 per cent at Rs 403.75. Yes Bank, Hindalco, Cairn India, UltraTech Cement, ONGC and TCS were also among the losers, down 2.2-2.7 per cent each.
12:19 p.m.: Selling pressure picked up pace in the noon trades. The Sensex fell 200 points to 24,616 and the Nifty fell to intraday low of 7,497.
12:06 p.m.: Sensex fell 155 points to 24,669 and Nifty slipped 49 points to 7,515 in the moon deals owing to selling in banking, IT and metal stocks.
11:58 a.m.: Overall breadth was neutral as 1,215 stocks were declining while 1,206 stocks were advancing.
11:46 a.m.: Tata Consultancy Services (TCS), which had last month warned about revenue hit on account of Chennai floods, is expected to deliver tepid results for the three months ending December 31, 2015.
TCS' dollar revenue is expected at $4,176 million in the December quarter, up 0.5 per cent from $4,156 million in the previous quarter, according to brokers polled by NDTV Profit.
TCS shares were trading with a negative bias ahead of the earnings, down 1.56 per cent at Rs 2,325. (Read)
11:34 a.m.: Shares of majority of the Housing finance companies were trading in negative on Tuesday after the Securities and Exchange Board of India (SEBI) lowered mutual fund's investment limit in the debt papers of the housing finance companies to 5 per cent from earlier 10 per cent.
11:23 a.m.: Mid-cap stocks were facing selling pressure. The BSE mid-cap index slipped 0.06 per cent; Alstom T&D, NALCO, Aditya Birla Nuvo, Oriental Bank of Commerce, Yes Bank and Bajaj Finance were among the losers, down 1.6-2.92 per cent each.
11:13 a.m.: Market expert Sudip Bandyopadhyay expects the weak bias in domestic stock markets to continue going ahead. The current weakness is a good opportunity for long-term investors to enter fundamentally strong stocks, he added. (Watch)
10:59 a.m.: The markets extended losses in the late morning trades. The Sensex fell 155 points to 24,670 and Nifty declined 50 points to 7,514.
10:52 a.m.: Metal, realty, auto and FMCG stocks were also facing the heat of selling pressure.
10:43 a.m.: Banking stocks extended losses, the Bank Nifty fell 1 per cent. Axis Bank, Yes Bank, Bank of India, State Bank of India, IndusInd Bank and Federal Bank slipped 1-2 per cent each.
From the PSU banking space, Syndicate Bank, Indian Overseas Bank, Andhra Bank and Allahabad Bank were among the laggards.
10:33 a.m.: Tata Motors shares gained over 1 per cent in an otherwise flat market on Tuesday after the company reported 7 per cent increase in its global sales for the month of December.
In a release to Bombay Stock Exchange, Tata Motors said that it sold 91,762 units including its luxury car variant Jaguar Land Rover (JLR), in December 2015. (Read)
10:31 a.m.: The stock markets extended losses in the morning trades. The Sensex was down 104 points at 24,720 and Nifty fell 34 points to 7,529.
9:57 a.m.: Macquarie has maintained its 'buy' call on Fortis Healthcare for target price of Rs 225. It says that SRL Labs is an undervalued billion dollar franchise and Fortis is well positioned to capitalise opportunity in India. (Click here for more brokerage calls)
9:53 a.m.: SV Prasad of Chime Consulting says that if Nifty holds 7,500, investors can look forward to stability; the worst of volatility may be over, he adds.
9:41 a.m.: Sensex and Nifty edged lower owing to weakness in IT stocks. The Sensex was down 18 points at 24,806 and the Nifty slipped 2 points to 7,561.
9:35 a.m.: Back home, a mild selling pressure was visible in the IT stocks on caution ahead of TCS earnings. The BSE IT index was down 0.85 per cent. TCS was the top loser from this space, down 1 per cent at Rs 2,338. Wipro, HCL Technologies, Infosys, MindTree and Tech Mahindra were also among the laggards.
Banking stocks were also witnessing some selling pressure. The Bank Nifty slipped 0.08 per cent with Axis Bank, Yes Bank, Kotak Mahindra Bank and HDFC Bank among the leading losers.
On the other hand, suying interest was seen in capital goods, power and select auto stocks.
The broader markets were witnessing selling. The BSE100 and BSE200 indices were quoting in the red.
From the Nifty-50 basket of stocks, 29 were advancing while 21 were declining.
9:24 a.m.: The Sensex and Nifty traded on a flat note in the opening deals on Tuesday tracking subdued global cues and weakness in information technology (IT) stocks ahead of the TCS earnings which will come later in the day.
The Asian stock markets were trading on a subdued note. Hong Kong's Hang Seng jumped 0.3 per cent, Japan's Nikkei fell 2 per cent and Taiwan Weighted slipped 0.15 per cent.
China's Shanghai Composite advanced 0.4 per cent while Shanghai Shenzen index jumped 1 per cent.