Stock Market

At 09:21 hrs, the stock was quoting at Rs 711.50, down Rs 39.60, or 5.27 percent on the BSE. It touched an intraday high of Rs 720.00 and an intraday low of Rs 701.00.

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"Markets continued to be buoyant on expectation of rate cut by RBI and positive global cues. We are seeing continuation of rally in the rate sensitive sectors led by reality, banks and FMCG which were also supported by budget related sops," said Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services Ltd.

Nifty bottom is below 6900; be cautious: Experts

Analysts warn that despite yesterday's pullback, the trend continues to remain down and that investors must stay cautious till there are signs of consolidation.

Here are few stock trading ideas from Prakash Diwan

Watch the interview of Prakash Diwan of prakashdiwan.in with Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on specific stocks.

Fed meet: India to withstand likely rate hike, says SocGen

A likely interest rate hike in the US, the first in nearly a decade, will be withstood well by equity markets in India, says Xavier Denis, Economist-Strategist at Société Générale Private Banking.

Nifty may open with small losses ahead of Fed meet

Indian shares are likely to open in the red, though any losses will likely be capped and may be reversed later, amid mixed trading in Asian markets and after Wall Street closed in the green overnight.