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The key benchmark indices is trading on a negative zone. Weakness in global stocks weighed on sentiment on the domestic bourses. The Sensex opened 17.62 points up at 29,062.90, while Nifty opened 18.20 points down at 8,934.30.
The IT index rebounds after two-day drubbing, making it the only advancing sectoral gauge on the NSE. The BSE Sensex plunged over 200 points and the NSE index Nifty was trading below the 8,900 mark owing to weak Asian cues.
The Sensex fell over 100 points and slipped below the key 29,000 levels in opening trades, while the Nifty slipped around 40 points to 8,915 levels.
At 2:54 PM, the S&P BSE Sensex is trading at 28,815 down 229 points, while NSE Nifty is trading at 8,883 down 69 points.
The BSE Mid-cap Index is trading down 0.65% at 13,392 whereas BSE Small-cap Index is trading down 0.22% at 12,892.
ONGC, GAIL, TCS, Wipro, Bharti Airtel, NTPC, RIL and Coal India are among the gainers, whereas Axis Bank, Tata Motors, HDFC, ITC, SBI, Adani Ports and ICICI Bank are losing sheen on BSE. Some buying activity is seen in telecom, oil & gas,pharma, power, utiities and energy sectors, while banking, metal, finance, FMCG, auto and consumer durables sectors are showing weakness on BSE.
The INDIA VIX is up 0.64% at 13.2000. Out of 1,858 stocks traded on the NSE, 978 declined, 628 advanced and 252 remained unchanged today. A total of 66 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.
The shares of Logistics stocks are gaining on the counter on the back of higher volumes on BSE. President Pranab Mukherjee gave approval to the Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per TV reports.
Gati Ltd is currently trading at Rs. 142.65, up by Rs. 2.9 or 2.08% from its previous closing of Rs. 139.75 on the BSE. The scrip opened at Rs. 143 and has touched a high and low of Rs. 146.5 and Rs. 141.85 respectively. So far 3285650(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1228.39 crore.
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