After opening with a loss of 112.08 points at 14,338.27, BSE Sensex seemed to be on a recovery note.

IT, auto and banking stocks remained major gainers, while realty, oil & gas saw heavy selling action.

The 30-share index, BSE Sensex opened with a loss of 112.08 points at 14,338.27 on Tuesday.

At 12.58 p.m., the 30-share index Sensex stood at 14,417.14, down 17.37 points, after touching a high of 14,440.06 and a low of 14,286.38. In the meantime, the broad based Nifty lost 17.4 points at 4,317.95.

The 30-share index BSE Sensex ended slightly higher on Monday, Aug 25 after an early rally bolted out of steam, following a negative opening in European markets and as oil prices climbed up from a sharp fall.

Volume was light as capitalists were wary of foreign funds, which have been heavy sellers during the year (2008), while a decelerating domestic financial system and soaring interest rates gave some relief.

Indian stocks broadened its losses during the week ended August 22, owing to reappearing US mortgage crisis, exerting pressure on international markets for the week under review.

Global developments, including increase in crude oil prices, high inflationary numbers and sustained capital outflows from the Indian equity also contributed to the downbeat responses, turning the BSE Sensex under the psychological 15K-mark.

Indian stock markets closed the week on a positive note on Friday (August 22) after making a gain of 157.76 points at 14,401.49 after touching an intra-day high of 14,428.52 and an intra-day low of 14,136.86.

In contrast, the broad-based NSE Nifty marked its closure at 4,327.45, up 43.60 points, after touching an intra-day high of 4,337.00 and an intra-day low of 4,248.00.

Indian stock markets closed the week on a pleasant note on account of good buying activity witnessed in metal, banking and FMCG stocks.

The 30-share index, BSE Sensex opened lower at 14,153.39, down 90.34 points, on Friday (August 22) mirroring worldwide signals and also due to rise in crude oil prices. In the noon trades, the BSE traded higher because of strong European markets.  

All sectoral indices marked their closures on a positive note led by BSE Metal, which gained 1.62%, BSE Bankex surged 1.18%, FMCG zoomed 1.09% and Oil & Gas climbed 1.05%.         

Stock market analyst Hitendra Vasudeo of stockmechanics.com has suggested investors to sell NTPC stock as there are full chances of a downward trend in this stock.