Sensex trading 40 points lower to 33,684, Nifty at 10,391; ONGC, PowerGrid, NTPC top Sensex losers

The Sensex and Nifty fell in early morning trade amid weak Asian markets descending off their decade highs as Chinese stocks stumbled for a second straight session. While the Sensex fell 42 points to 33,682 level, the Nifty was down 9 points to 10,390. Here are the key highlights, which will affect the market today.

10:59 am: Coal India (1.38 percent), Tata Steel (1.05 percent) and Maruti Suzuki India (0.92 percent) are the top gainers on Sensex.

10:41 am: Rupee trading at 64.36, a two-month high level. 

9: 45 am: Maruti Suzuki continues its winning streak. Stock hits a fresh high Rs 8,575. Year-to-date returns stand at a stellar 61.09 percent.

9:28 am: Reliance Communication falls 6.74 percent at 9.26 a.m. China Development Bank, which lent close to $1.78 billion to RCom, has filed an insolvency suit at the National Company Law Tribunal's (NCLT's) Mumbai bench after it defaulted on loans, Business Standard reported.

9: 15 am: Rupee opens at 64.53 per dollar. On Monday, the rupee closed at 10-week high against US dollar. The home currency closed at 64.50 a dollar-a level last seen on 20 September, up 0.31% from its Friday's close of 64.70.

9: 05 am:  Stocks to watch out for in today's trade

Rallis India: Franklin Templeton Mutual Fund buys 17.81 lakh shares of Rallis India.

Gems and Jewellery stocks in focus after commerce and industry minister Suresh Prabhu said the government was working on a package for gems and jewellery sector to boost export and create jobs in the labour intensive sector. PC Jeweller, Rajesh Exports, Titan Company, Vaibhav Global are the stocks to watch out for in this sector.

RCom: Reliance Communications has inked a binding Share Purchase Agreement with Pantel Technologies Pvt Limited and Veecon Media & Television Limited for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct-to-Home (DTH) services across India.

Tata Power:  The firm has commissioned India's first solar carport on the rooftop of mall in the national capital. The company said it has reached a landmark by commissioning an unprecedented rooftop project in India - a solar carport on the rooftop of the sprawling 70,000 sq mt Unity One mall in Rohini.

L&T seeks relief from Telangana Government on metro project delay.

8: 58 am: TVS Electronics says shareholders approved scheme of amalgamation between Prime property holdings and self.

8: 50 am: Steel companies can meet the needs of the country's railways and local rail market entrants such as Jindal Steel and Power Ltd should be given a chance, a government panel said in a document seen by Reuters. Jindal Steel told the committee this month it could supply up to 600,000 tonnes of rails per year to Indian Railways, which recently floated a global tender for 717,000 tonnes of rails.

8: 45 am: MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent from last week's high of 570.21 points. It was on track to end November in the black. Wall Street had been mixed on Monday, with the S&P 500 off a touch, the Nasdaq losing 0.1 percent and the Dow up 0.1 percent.

8: 40 am: Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.