Markets

News Details

( 06/12/2017 12:26)
Mid-Session: Sensex sheds 110 pts, Nifty slips below 10,100; Shilpa Medicare dips 6%

The Indian equities continued losing streak on Wednesday, tracking soft cues from Asian peers, as investors remained wary ahead of the RBI’s policy outcome as the apex bank will conclude its two-day Monetary Policy review today. Markets across Asia were trading lower after Wall Street ended in red in overnight trade amid persistent fall in information technology stocks. On the sectoral front, metal and PSU stocks emerged as top losers on BSE, falling as much as 2.17 per cent and 0.7 per cent, respectively. On the corporate front, Shilpa Medicare plunged nearly 6 per cent on the BSE after drug maker said that it has received Form 483 with 10 observations from USFDA in relation to SEZ Formulation Facilities situated in Jadcherla, Telangana.

At 12:17 hours, the 30-share benchmark index was trading at 32690.7, down by 111.74 points or by 0.34 per cent, and the NSE Nifty was at 10072.15, down by 46.1 points or by 0.46 per cent.

In the day’s trade so-far, the Sensex touched intraday high of 32804.75 and intraday low of 32621.1, while the NSE Nifty touched intraday high of 10104.2 and intraday low of 10051.6.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 662.75,-1.95%), State Bank of India (Rs. 314.15,-1.61%), Tata Motors Ltd. (Rs. 397.75,-1.14%), Sun Pharmaceutical Industries Ltd. (Rs. 518.10,-1.06%), Tata Motors Ltd. (Rs. 227.00,-1.05%), among others.

On the flip side, Reliance Industries Ltd. (Rs. 923.35,+1.30%), Infosys Ltd. (Rs. 987.80,+0.35%), Hindustan Unilever Ltd. (Rs. 1264.20,+0.28%), Kotak Mahindra Bank Ltd. (Rs. 1001.60,+0.19%), Lupin Ltd. (Rs. 810.90,+0.15%), were among top gainers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2621, shares advanced were 1211, while 1274 shares declined, and 136 were unchanged.

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