Sensex, Nifty fall 1%; Reliance Industries leads
Benchmark indices trading on a negative zone in the mid-afternoon session with heavy selling pressure in banking, auto and metal stocks.
As on 2:40 PM, the BSE Sensex was down 269 points at 33,334 and the NSE Nifty slipped 77 points to 10,285.
On the economy front, fiscal deficit of Rs 5.25 lakh crore ($81.36 billion) for April-October, or 96.1% of the budgeted target for the current fiscal year that ends in March 2018.
The BSE MidCap Index fell 0.25% and the BSE MidCap Index up by 0.10%.
All NSE sectoral indices were trading in the negative zone except Nifty Realty and IT. Nifty PSU Bank, Private Bank, Financial Services, Auto, Metal, Pharma and FMCG index down by 1% respectively.
Bosch, GAIL, Indiabulls Housing Finance, Ambuja and BPCL gained the most on Nifty50.
Axis Bank, Hindalco, SBI, UltraTech and Kotak Mahindra Bank were the top losers.
India VIX rises by 0.55% at 13.13 level.
Out of 1,985 stocks traded on the NSE, 775 advanced, 876 declined, and 344 remained unchanged today.
A total of 82 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.
Shankara Building Products hits record high after opening retail store. Stock shines 5%.
Videocon Industries stock soars 5%. Trading volume was 11 times its 20-day average.
PI Industries stock slips 1%. Trading volume was 6.1 times its 20-day average.
Sobha stock rallies for third day, rises to highest in over 9 years. Stock jumps 6%.
Dr. Reddy’s stock gains 1% as German regulator approves Duvvada unit.
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Via:: Stock – India Infoline