Live Stock Market Updates – Nifty hovers around 10,150 level, Metal Index down by 2%
Nifty and Sensex open trade on a lower note on third-day straight, taking the cues of the weak US Markets. The decline Asian Indices and rise of the WPI index to 3.59% in October added to the fall.
OMCs show appreciation in the early trading hours as HPCL and BPCL gain by 2%.
On the contrary weak results of Sun Pharma drag the Pharma index down, while Vedanta Ltd drags the metal index by 2%.
At 9:37 AM, the S&P BSE Sensex is trading at 32,871 down by 70 points, while NSE Nifty is trading at 10,165 down by 20 points.
The BSE Mid-cap Index is trading down by 0.16% at 16,467 whereas BSE Small-cap Index is trading lower by 0.38% at 17,472.
Some buying seen in Bank and Capital Goods sectors, while basic materials, FMCG, Healthcare, Utilities, Consumer Durables sectors show weakness on the BSE.
The India Vix is down by 4.44% at 13.53.
Out of 1,952 stocks traded on the NSE, 447 advanced, 1,093 declined, and 412 remained unchanged today.
A total of 23 stocks registered a fresh 52-week high in trade today, while 18 stocks touched a new 52-week low on the NSE.
Nifty Metal Index slips 2%. NALCO (-3%), JSPL, Hindalco, Vedanta (-3%), Hindustan Copper (-2.5%).
Nifty IT Index trade in the green in a subdued market. Infibeam, Tech Mahindra (+2%), TCS (+1%).
Lupin’s USFDA warning letter lists repeat observations for Indore and Goa plants. Stock down 1%.
Fortis Healthcare looks to buy RHT Heath Trust for a combined enterprise value of approximately Rs 4,650 crore. Stock rises 3%.
Laurus Labs gets EIR from USFDA for AP plant. Stock gains 3%.
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Via:: Stock – India Infoline