Indian stocks markets have been trading lower since morning on Tuesday. Technical Analysts including Ashwani Gujral, Rajat K Bose, Abhay Aima and VK Sharma are suggesting investors to stay away from the markets. The markets are extremely volatile and investors are confused about the direction of the markets. On Friday, the stock markets dropped as selling continued in heavyweight counters while it recovered smartly on Monday.

At 2.15 p.m. IST, the BSE Sensex was 218 points lower at 15538. NSE Nifty was down by 36 points at 4724.

Among major gainers in today’s trade was Orchid Chemicals. The stock was up by nearly 13% as Ranbaxy picked up stake in the company. Orchid Chemicals was among highly traded counters followed by RNRL, SAIL and Reliance Petroleum. Max India was up by 10%.

Top Losers on NSE included Steel major SAIL and other metal counters. NALCO was down by 2.9% while TISCO lost 2.89% at Rs 660.

Technology major Wipro was trading lower by 4.75% at Rs 414. Tata Communications Limited was down by 9.7% at Rs 489.

US Stock markets remained range-bound on Monday and closed flat. Dow Jones Industrial Average index was up by 3 points at 12,612. Nasdaq closed 6 points down at 2364. Japan’s Nikkei was down by almost 200 points. Taiwan index was also trading 55 points lower.