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The Indian stock market domestic market has droppes in opening dragged by index heavyweights. The market fell for a second straight session as automakers, consumer discretionary and real estate companies continued to extend their losses on the anticipated slowdown in spending as a result of the nationwide cash crunch.The S&P BSE Sensex is trading at 26,447 down 376 points, while NSE Nifty is trading at 8,197 down 99 points. The BSE Mid-cap Index is trading down 3.91% at 11,977, whereas BSE Small-cap Index is trading down 4.33% at 11,945. Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's, SBI, ONGC, Dr Reddy's and ICICI Bank are among the gainers, whereas Tata Motors, Asian Paints, Maruti Suzuki and HDFC are losing sheen on BSE.
All sectors are showing weakness on NSE except banking index in green. The INDIA VIX is up 6.95% at 18.5725. Out of 1,883 stocks traded on the NSE, 1,467 declined, 143 advanced and 273 remained unchanged today.
A total of five stocks registered a fresh 52-week high in trade today, while 18 stocks touched a new 52-week low on the NSE. Corporation Bank soared 13% to Rs 47.65 on the BSE after the bank has posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.
Hindalco Industries zoomed 3.8% after the company has posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.
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