Stock Market expert Anil Manghnani expressed during an interview with business news channel CNBC-TV18 that technology major Infosys can see a decline to Rs 2300 level.

He further expressed that Infosys might get weak at Rs 2500-2600 level and may witness selling pressure. After results of other technology majors, they are looking better in terms of valuations as compared to Infosys Technologies.

Mr. Anil Manghnani added that at current price of Rs 2437, Infosys is trading with P/E of 16.5.

Mumbai, May 7 - A benchmark index for Indian equities markets was trading 301.66 points down at around noon Monday, led by selling pressure in banking, consumer goods, metals and auto stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 16,620.44 points, was ruling at 16,529.42 points at noon trade, down by 1.79 percent or 301.66 points from its previous close at 16,831.08 points.

The BSE benchmark Sensex declined around 290 points during early trade today, broadening losing streak for the fourth consecutive session, on continued selling by funds amid a feeble trend on other Asian stock markets.

The BSE Sensex, which had shed more than 488 points in the past three sessions, dipped further by 289.85 points (1.72%) at 16,541.23.

The stock from the sectors including banking, real esttae, capital goods, metals and auto remained top losers.

The broad-based National Stock Exchange index Nifty declined below psychological 5,000 points level to rule at 4,995.70 after shedding 91.15 points (1.79%).

Sudarshan Sukhani of s2analytics. com stated that the stock of 'United Spirits Limited' (USL) may decline to Rs 450.

Fears over feeble earning outcomes, pessimistic global signals and a doubtful regulatory atmosphere weighed heavy on Indian bourses as a benchmark index ended down by 356.26 points for the second consecutive week ended May 4, 2012.

The 30-share index BSE Sensex ended 356.26 points down at 16,831.08 as against its previous weekly close at 17,187.34.

The borad-based Nifty also closed in the negative after shedding 2.34% to settle the week at 5,086.85.

The 30-share index BSE Sensex closed below 17,000 on May 04, after the Indian currency dropped further versus the US currency and proposes to appraise tax pact with Mauritius dulled investor outlook, on selling force in banking institutions and index heavyweights.

Banks saw huge selling strain after Macquarie in a report stated that the central banking institution (RBI) directives to meet up Basel III rules could result in an equity dilution in banks of about $30-35 billion by the next five years.

Technical analyst Prakash Gaba said that the stock of Oil India is feeble and slumping.

There is no indication of strength as yet, he added.

But, the risk reward proportion is positive for capitalists.

Mr. Gaba said that there is a possibility that it can reach 465 levels.

"But I must say there is no sign of strength. Investors may have a stop below 450. It is a good level for Oil India to bounce back," he added.

Indian stock markets continued to decline for the third consecutive day on Friday.

At 11:05 a. m., the 30-share index Sensex declined 105.97 points (0.62%) to rule at 17,045.22 with 21 components in the red.

In the meantime, the broad-based Nifty shed 33.50 points (0.65%) to trade at 5,154.90 with 38 components declining.

The BSE Sensex belled the day after dropping 84.35 points at 17,066.84, whereas Nifty began with a decline of 21.75 points at 5,166.65.

Mumbai, May 3 - A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking stocks due to sluggish global cues.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 17,271.77 points, was ruling at 17,176.12 points at the noon trade, down 0.73 percent or 125.79 points from its previous close at 17,301.91 points.

The Sensex touched a high of 17,271.77 points and low of 17,148.66 points in the intra-day.

Analysts say that the profit booking has pulled down the benchmark indices in the domestic stock exchanges in the day's trade today from their intraday high levels.

The Benchmark, Sensex index of the Bombay Stock (BSE) was trading 12 points higher at 17,330 while the broader Nifty index traded 2 points lower at 5,246. The Sensex was trading about 100 points below the day's high and Nifty was 30 points below the intraday high at the time of reporting this morning.

Mumbai, May 2 - A benchmark index for Indian equities markets was trading 70.90 points higher in the afternoon session Wednesday, led by good buying support for consumer durables, bank and information technology (IT) stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,370.93 points, was ruling at 17,389.71 points around noon, up 0.41 percent or 70.90 points from its previous close at 17,318.81 points.

Mumbai, April 30 - A benchmark index for Indian equities markets was trading 160.85 points higher in the afternoon session Monday, led by good buying support for information technology (IT) and bank scrips.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,195.51 points, was ruling at 17,348.19 points around noon, up 0.94 percent or 160.85 points from its previous close at 17,187.34 points.

Research major Angel Broking has suggested buy call for technology counter TCS with a target of Rs 1276. TCS declared better than expected results for Q4 few days back.

The company management also issued positive guidance for future quarters. The stock is expected to be re-rated by stock market analysts. The company management has expressed confidence that they will go beyond targets and perform better than industry estimates.

The stock jumped after the results. TCS has touched 52-week high of Rs 1280 and 52-week low of Rs 902.

Mumbai, April 24 : A benchmark index for Indian equities markets was trading 100 points higher in the afternoon session Tuesday, led by more than 12 percent surge in the share price of Tata Consultancy Services (TCS).

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,154.75 points, was ruling at 17,195.82 points in the afternoon session, up 0.58 percent or 99.14 points from its previous close at 17,096.68 points.

Mumbai, April 23 : A benchmark index for Indian equities markets was trading 21.31 points or 0.12 percent down Monday, amidst a choppy session ruled by major selling pressure.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,347.76 points, was ruling 17,352.53 points around 11.45 a. m., down 0.12 percent or 21.31 points from its previous close at 17,373.84 points.

Mumbai, April 20 - Indian equities were ruling in the red intra-day Friday after a key index opened lower, after rising more than 400 points this week due largely to the favourable monetary policy announced by the central bank three days ago.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,459.72 points, against the previous close at 17,503.71 points. After moving to an intra-day high of 17,507.90 points and a low of 17,442.23 points, it was ruling at 17,480.13 points.

Mumbai, April 18 - A benchmark index for Indian equities markets was trading 100 points or 0.58 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced the cut in interest rates.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,447.26 points, was ruling 17,458.36 points around 12.30 p. m., up 0.58 percent or 100.42 points from its previous close at 17,357.94 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.61 percent or 32.50 points higher at 5,322.20 points.

Mumbai, April 9 : A benchmark index for Indian equities markets fell 220 points in the afternoon trading Monday on sustained selling pressure due to weak cues from Asian peers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the negative at 17,407.66 points, was ruling 1.25 percent or 218.19 points down at 17,267.83 points in the afternoon session.

The Sensex touched a low of 17,243.69 points and a high of 17,407.66 points in intra-day.

Mumbai, April 3 : A benchmark index for Indian equities markets was trading 150 points higher in the afternoon session Tuesday, led by good buying support in oil and gas, banking and metal stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,576.21 points, was ruling 17,628.18 points just after the noon trade, up 0.86 percent or 150.03 points from its previous close at 17,478.15 points.

Mumbai, April 2 - A benchmark index for Indian equities markets was trading with a gain of nearly 100 points in the afternoon session Monday on the back of good buying support in real estate and banking stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,429.96 points, was ruling 17,501.44 points in the afternoon session, up 0.56 percent or 97.24 points from its previous close at 17,404.20 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.38 percent higher at 5,315.70 points.