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The Nifty slipped below the 8,000 mark for the first time since November 25. The Indian stock market continued to trade lower after Asian markets suffered modest losses taking cues from a lackluster day on Wall Street as investors locked in gains in thin trade ahead of the upcoming holidays. Investors will keep an eye on the two-day GST Council meet which begins later in the day. The GST Council will discuss drafts of the model GST, integrated GST and states' compensation Bills.
The S&P BSE Sensex is trading at 25,980 down 262 points, while NSE Nifty is trading at 7,997 down 64 points. A total of five stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.
Out of 1,885 stocks traded on the NSE, 1,272 declined, 254 advanced and 359 remained unchanged today. The BSE Mid-cap Index is trading down 1.41% at 11,816, whereas BSE Small-cap Index is trading down 1.27% at 11,800.
All the BSE sectoral indices were trading in the negative territory. Sun Pharma, Tata Motors, Wipro and Cipla are among the gainers, whereas ONGC, Axis Bank, GAIL, HDFC and Dr Reddy's are losing sheen on BSE. The INDIA VIX is up 4.86% at 15.4200.
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