The Sensex continued to trade in the negative terrain on account of profit booking witnessed in frontline stocks such as real estate, banking and IT.

However, oil & gas stocks went up.

At 11.54 a.m., the 30-share index Sensex was trading down 104.28 points at 13,890.68. It also hit an intra-day high of 13,978.26 and an intra-day low of 13,721.42. 

In contrast, the broad based Nifty was trading lower by 34.65 points at 4,188.40. It also touched an intra-high of 4,224.70 and an intra-day low of 4,142.00. 

Stock market analyst, Vishwas Agarwal said that on the Bombay Stock Exchange (BSE), below 13,950 the market will see some weak spot between 13,786 to 13,555 level. 

After a big jump of around 1,500 points, this type of correction is obvious. 

He also said that upcoming F&O expiry and increasing crude oil prices are fear points but simultaneously Dr. Manmohan Singh visiting United States (US) for different matters including N-deal will prove to be a significant event for the bourses.

“Rescue operation by US government for the US financial markets crisis will give a positive impact in coming months. Overall, the market is set to give good opportunities in future. Just wait for the time till stock specific movement will continue,” Mr. Agarwal added.