Thursday 10 September 2015

Nifty Drops Below 7,750 Again

Posted by suhani varma on Thursday, September 10, 2015 with No comments

The S&P BSE Sensex is trading at 25,494 down 226 points, while NSE Nifty is trading at 7,741 down 77 points.


The BSE Mid-cap Index is trading down 0.17% at 10,417, whereas BSE Small-cap Index is trading down 0.80% at 10,589. All sectors are showing weakness on NSE. The India VIX (Volatility) index is up 3.28% at 25.09.

BPCL, Zee Ent, BHEL, Tata Power, Tata Motors and Bajaj-Auto are among the gainers, whereas Hindalco, Power Grid, NMDC, HCL Tech, PNB and SBI are losing sheen on NSE. The breadth is negative in morning deals - out of 1,725 stocks traded on the BSE so far 391 stocks have advanced, while 1,085 stocks have declined.

Dr. Reddy's Laboratories Ltd were trading lower 1.2% at Rs. 3,991 on BSE today. The pharma company have entered into a licensing agreement with PanTheryx, Inc. that grants the exclusive right to market and distribute PanTheryx's nutritional intervention, DiaResQ, for infectious diarrhoea in India and Nepal.

Shares of of logistics service providers were seen trading down on reports that the goverment scraps plan for special session on Goods and Sales Tax (GST) Bill. Patel Integrated Logistics, VRL Logistics, GATI, Sical Logistics and Snowman Logistic were trading lower around 3% each.

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