The benchmark BSE Sensex fell over 200 points in late morning trade today as stocks of IT, FMCG, metal, oil & gas and auto companies succumbed to profit-booking by speculators ahead of tomorrow’s monthly expiry in derivatives segment amid a weak trend at other Asian bourses.

The 30-share index declined by 212.19 points, or 0.77 per cent, to 27184.19. The gauge had gained 219.39 points in the previous session.

The benchmark BSE Sensex rose over 70 points in early trade today as value-based buying in stocks of banking, auto, metal, PSUs, oil & gas and power sectors led the recovery amid a mixed trend at other Asian markets.

The 30-share index, which had lost 713.14 points in the previous three sessions, recovered by 70.92 points, or 0.26 per cent, at 27,247.91.

NSE Nifty fell below its 200-day moving average for the first time in nearly 15 months, led by declines in blue-chip stocks on continued worries about retrospective taxes and lower-than-expected January-March earnings so far.

The 50-shares NSE index declined as much as 0.76 percent to break its 200 day moving average of 8,254.17 for the first time since Feb. 6, 2014, on Monday.

Nearly a year into Narendra Modi’s rein, the Indian equity market is no longer the story it was. The benchmark S&P Sensex, up as much as eight per cent at one point during the year, has seen its entire 2015 gains erased.

After two weeks of losses, the 30-share index on Friday ended at 27,437.94, slightly below 27,499.42, where it started the year. The index had risen as high as 29,681.77, an all-time closing high, on January 29.

Stock exchanges BSE and NSE have ordered share trading suspension for companies found to be non-compliant to listing agreement clauses relating to corporate governance norms and shareholding disclosures.

Trading has been suspended by the BSE in shares of as many as 16 companies. The National Stock Exchange or NSE has announced similar action against three companies, two of which are also part of the Bombay Stock Exchange (BSE) list.

Markets continued to trade higher, amid firm global cues, led by financials while IT major TCS and index heavyweight Reliance Industries also witnessed renewed buying interest at lower levels in early trades.

At 9:35AM, the 30-share Sensex was up 119 points at 28,009 and the 50-share Nifty was up 48 points at 8,477.

Markets turned choppy weighed down by pharma shares with Sun Pharma leading the decline while gains in ITC and financials helped offset some of the losses.

At 10:45AM, the 30-share Sensex was down 100 points at 27,786 and the 50-share Nifty was down 33 points at 8,444.

Fresh fears over the impact of retrospective taxation rattled foreign investors and Indian markets on Monday, traders said, as stocks fell for a fourth consecutive day and the rupee hit its weakest in more than a month.

The benchmark BSE index Sensex fell as much as 2.25 percent, its biggest fall since March 26. The index provisionally ended down 1.95 percent, while the NSE Nifty index fell 1.83 percent – Sensex 555.89 pts down at 27,886.21; Nifty 157.90 pts down at 8,448.10.

NSE Nifty fell for a third consecutive session on Friday, heading towards its lowest close in two weeks as IT exporters declined on concerns over fourth-quarter earnings after bellwether Tata Consultancy Services’ results failed to cheer investors.

Money managers worry slowdown seen by India’s largest software services exporter could be an indicator of an industry-wide trend and marks a weak start to the January-March earnings season.

Benchmark indices are trading marginally weak after trimming losses on gains in select index heavyweight and bank stocks as the continuing deflation in wholesale prices have raised hopes of a rate cut by Reserve Bank of India.

At 2:07PM, the 30-share Sensex and the 50-share Nifty were flat at the mark of 29,043 and 8,828 respectively.

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