Live: Sensex Soars Over 150 Points, Nifty Firm Above 8,550

Sharemasterindia.com 9:50 a.m.: The markets continued to witness buying interest in morning deals. The Sensex advanced 154 points to 28,352 and Nifty was up 46 points at 8,570.

9:46 a.m.: Shares of state-run oil marketing companies were witnessing buying interest after the petrol and diesel prices were cut by Rs 2 per litre. Shares of Indian Oil, Hindustan Petroleum and Bharat Petroleum jumped nearly 2 per cent each.

9:40 a.m.: Avinnash Gorakssakar says markets are pricing a 25 basis point rate cut in August policy, even though food inflation has inched up.

Live: Sensex Retreats From 28,000; Banking, Auto Stocks Drag

Sharemasterindia.com 3:00 p.m.: India Cements shares saw huge selling pressure on Tuesday, falling 6.5 per cent, after the company's franchisee Chennai Super Kings was suspended from the Indian Premier League (IPL) for a period of two years.

 2:48 p.m.: Sanju Verma, CEO of Violet Arc Global Managers continues to be bullish about domestic markets, given the global backdrop. The global equation is evolving, but a close watch is needed before saying that markets are in fine fettle, she said.

 2:38 p.m.: Tata Motors falls 3.4 per cent to Rs 388.75 on reports that the company plans to cut prices of its vehicles in China.