In the weak trading sessions, Orbit Corporation has maintained its position in the early trades after making a profit of Rs 19.50 at Rs 419. It has also reached an intraday high of Rs 426.60 in the start.

Bears gained power over buying and selling action on Tuesday. Growth of existing pessimistic response on Wednesday is likely to append other stocks in their favor.

The US indices ended the day on a mixed note on Tuesday (August 21), with the Dow Jones closing in the negative and Nasdaq ending in the positive.

The Nasdaq ascended on Tuesday as news that the Federal Reserve might bring down its benchmark interest rate shortly, allayed unrelenting worries regarding the credit markets.

The Dow Jones closed down 30.49 points, or 0.23%, at 13,090.86, whereas the Nasdaq Composite closed up 12.71 points, or 0.51%, at 2521.30.

Mumbai: In yet another mega acquirement in the steel segment, JSW Steel has adopted three steel companies in Texas, U.S for $900 million to get a foothold in the North American market.

Divya Arora, assistant manager, Karvy Stock Broking told that today selling pressure was seen in the stock markets. There was fear in the market that China might raise the rates of interest that resulted in selling pressure in the Indian market whilst the genuine news of rate increase came after market hour. IT stocks are touching new lows day-after-day. There was some profit booking in the fertilizer stocks.