Mumbai -- At 10::30 am (IST), The BSE 30-share Sensex has lost by 27 points at 10268 and the NSE 50-share Nifty is up down by 9 points at 2998.

After registering positive opening, markets slipped into red, Selling pressure in heavy weights like BHEL, Hindalco, Reliance Industries, SAIL and ACC has dragged market into negative region.

Metal stocks are falling sharply led by heavy selling pressure in Hondalco, the scrip has lost by 1.4% to Rs. 164, TISCO tumbled over 2.2% to Rs. 483, SAIL is down by 1.2% to Rs. 71 and National Aluminum has lost by 0.8% to Rs. 211.

FMGC stocks are trading lower on back of heavy selling pressure in ITC , the scrip is down by 1% to Rs. 171, Colgate slips by 1.3% to Rs. 367, Britannia has shed 0.3% to Rs. 1113 and Dabur shed 0.7% to Rs. 143. Hiwever HLL and McDowell has gained by 1% each.

At 11:00 am (IST),HDFC Bank has edged higher by 0.6% to Rs. 711 after the company launched a Verified by Visa facility to take full advantage of the convenience offered by online shopping in a secure manner. The scrip has touched a high of Rs. 705 and a low of Rs. 714 and has recorded volumes of over 76 thousand shares on NSE.

At 11:05 am (IST),UTI Bank has lost by 3% to Rs. 252.The company has opened a representative office in Shanghai. The scrip has touched a high of Rs. 260 and a low of Rs. 249 and has recorded volumes of over 1 lakh shares on NSE.

At 11:09 am (IST),Radha Madhav Corporation Ltd has gained by 1% to Rs. 28 after the company bagged Rs. 400mn order from Karnataka Milk Federation, to supply KMF 250 tons per month for 2 years yesterday. The scrip has touched a high of Rs. 28.40 and a low of Rs. 27 and has recorded volumes of over 36 thousand shares on BSE.

At 11:12 am (IST),Radio Khaitan has lost by 1.3% to Rs. 136.The company will raise US$ 20mn from Foreign Institutional Investor. The scrip has touched a high of Rs. 141 and a low of Rs. 136.

At 11:16 am (IST),Suven Life Sciences has lost by 1.3% to Rs.78. The company on Monday has secured Rs. 200mn custom synthesis order for a Phase III Drug. The scrip has touched a high of Rs. 81 and a low of Rs. 77.