After opening with a loss of 33.11 points at 10,304.57, the 30-share index BSE Sensex continued to trade in a subdued manner.

IT stocks continue to languish in the red with sharp losses, and lost 6.12%, while realty, PSU, banking and FMCG stocks saw buying interest.

The BSE Midcap and Smallcap index gained 0.62% and 0.88% respectively.

At 12:59 p.m., the 30-share index lost 52.47 points at 10,285.21, after hitting a high of 10,387.19 and a low of 10,116.22.

On the other hand, Nifty fell 4.35 points at 3,039.50, after touching a high of 3,068.60 and a low of 2,985.00.

Stock market analyst Vishwas Agarwal said that 10,555 is an important hurdle for Bombay Stock Exchange (BSE). Above this level, 10,786 will be the next target.

The stock markets have turned from their lower level by 30 to 35%, fueled by opinions and some trust among players.

Mr. Agarwal said, “US elections will keep the world markets stable and after result, market will show some volatility. So upto that event our market will perform. If Nifty comes around 3,400-3,500 one can take exit from weak and bad fundamental stocks and generate liquidity for buying quality and strong fundamental stocks.”

He also advised some stocks such as Tisco, NTPC, PNB and PFC for day trading with self decided stop losses.