The 30-share Sensex continued to trade weak with selling pressure seen across all the sectoral indices. There were no gainers in the sectoral indices. BSE Realty, IT and Oil & Gas and Metal were hammered badly.

Weak industrial production figures also added to the weak outlook on the major bourses, which were already reeling under heavy pressure after a weak start this morning. Negative closing of the US markets and weak Asian markets also weighed sentiments.

Mirroring widespread selling BSE Midcap and Smallcap were also down by 0.66% and 0.38% respectively.

For his devoted efforts in the arena of music, Indian music maestro AR Rahman will be conferred honorary degree of Doctor of Letters by the Aligarh Muslim University (AMU) during its convocation later this month.

A University statement said, “AMU has decided to confer D. Litt (Honoris Causa) degree on Indian music maestro A R Rahman.”

The varsity's executive council took the decision to award the honorary degree to India’s first Oscar Award winner.

Motorola India and Pressmart Media have made announcement about the launching of the live ‘news-on-the-mobile’ service on three handsets including Moto VE66, Motosurf A3000 and MotoROKR EM35, which are slated for distribution in the Indian market.

The company’s release said that news-on-the-mobile service, which is powered by Pressmart1and 2, would provide consumers access to branded news content.

ComScore, a leader in assessing the digital world, today released the results of the first study of its cross-media team of PC and mobile Internet users in United States, discovering that light PC Internet users are 30% more likely than heavy PC Internet users to make use of their mobile devices to access Internet content.

Overall 42 million people used their mobile devices during October 2008 to access news as well as information content on the Internet, a growth of 57% from October 2007.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Axis Bank stock to achieve a target of Rs 330 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below 322, it may see more weakness.

According to Karvy, investors can sell the stock below 350 with a strict stop loss of Rs 360.

After selling the stock today, the interested investors can buy the stock again, but only on declines. The long term investors should stay invested to reap higher returns.

Bollywood famous actor, director and producer Feroz Khan was hospitalized in a critical condition.

Feroz, who is in his late 60s, was admitted to the intensive care unit of the Breach Candy hospital in Mumbai.

Confirming the news, a worker from the Oncology department of the hospital said, “Yes, Mr Feroz Khan was brought to the hospital in a critical condition. He is admitted in the ICU, occupying bed number 3."

The actor who has been ailing for some time is under the supervision of oncologist, Dr Suresh Advani.

Feroz is suffering from cancer.