In morning trades, Bharat Heavy Electricals (BHEL) decline 3.4% to Rs 1,549 on the Nifty. It has touched an intraday high of Rs 1,599.90 and an intraday low of Rs 1,541.

The company signed up MoU for 1000 MW Sudan Project.

It is trading with total volumes of 159,935 shares. Yesterday the share lost 4.99% or Rs 84.30 at Rs 1,603.60.

Anil Manghnani of Modern Shares & Stock Brokers is of the vision that the investors interested in buying Unitech, will buy it between Rs 460 and Rs 439.

Today, the stock market opened at 14,309.37, and continued its declining trend accompanied by weak global signs in the morning trades.

Asian stock markets slipped further.

Bears continued their domination over buying and selling action on Thursday. Strengthening of existing bearish response on Friday is likely to fetch other stocks in their favor. In contrast, optimistic response on Friday is expected to alter the current outlook.

In spite of the tough basics, Indian market is affected gravely on ongoing US subprime disaster in conjunction with political disputes on nuke contract issue between the Congress and Left parties, added technical analyst, Vishwas Agarwal.

Rahul Agarwal, VP, Institutional Sales, LKP Shares stated that today the stock market saw a big improvement of 4.5%. It reflected the worldwide movement and it depressed on the back of a firmer Yen and global disentangling.
Mr. Agarwal anticipates the securities market to rectify further and touch 14,000 level. On Friday (August 17), markets may remain pessimistic due to sharp fall in valuations. He suggests that buying in the some fundamentally strong stocks is the best bet at this downfall. The stocks include Reliance Industries, Reliance Communications, Reliance Energy, Tata Power and Bharti Airtel.