The key benchmarks traded low, down from a nearly flat opening this morning, as heavyweights lost their composure at this point in time. While the US market closed with slight gains on Friday, Asian barometers were mostly on the lower side on concerns of the global economy and ascending crude prices.

Compucom Software is presently trading at Rs 9.60, down by 0.10 points or 1.03% from its previous closing of Rs 9.70 on the BSE.

Nucleus Software Exports is presenly trading at Rs 45 up by 0.90 points or 2.04% from its earlier closing of Rs 44.10 on the BSE.

General Motors India, part of General Motors Group, has cut down on its production by up to 10% at its Halol plant in Gujarat and Talegaon in Maharashtra.

Punjab National Bank is presently trading at Rs 498.65 down by 8.55 points or 1.69% from its earlier closing of Rs 507.20 on the BSE.

Tata Steel, Major steel maker has acquired a prospecting licence (PL) from the government for an iron ore mine in Maharashtra.

Markets are still in the negetive zone as selling pressure grew. Signals from the Asian markets are also not that promising, the Nikkei index and the Hang Seng are flat.

Jet Airways trades on the higher side after the company announced to slash fares by up to 40% on Sunday. The stock is presently trading at Rs.185.65, up by 3.80% from its earlier closing of Rs.178.85 on the BSE.

Unitech, a real estate major has been allotted 4.4 MHz of Spectrum in four states.
The Department of Telecommunications (DoT) has issued the letter to the company’s telecom subsidiaries for allocation of 4.4 MHz of spectrum in 1800 MHz GSM band in respect of the following service areas.

Satyam Computer Services is presently trading at Rs 135.50 marginally up by 0.55 points or 0.41% from its previous closing of Rs 134.95 on the BSE.