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Indices are slowly losing morning gains as weakness across several sectors, including metal, auto and pharma drag the market down. Reliance, HPCL, ICICI Bank among the gainers.
Nifty and Sensex are losing morning gains, but still trading in the positive zone, as weakness is seen across Auto, Metal, and Pharma sectors. PSU Bank index gains by 1% with Bank of India and PNB gaining by approximately 2%. Reliance and HUL keep the market afloat by gaining around 2%.
The S&P BSE Sensex is trading at 33,274, up by 56 points, while NSE Nifty is trading at 10,325 up by 21 points.
The BSE Mid-cap Index is trading up by 0.58% at 16,512 whereas BSE Small-cap Index is trading up by 0.44% at 17,574.
Gainers % change Losers % change
1 RELIANCE 2.20 COALINDIA -2.31
2 IBULHSGFIN 1.97 HDFC -1.75
3 ASIANPAINT 1.89 GAIL -1.59
4 HINDPETRO 1.82 POWERGRID -1.35
5 ICICIBANK 1.67 ZEEL -1.16
Some buying seen in Telecom, Energy, Consumer Durables, FMCG sectors while Metals and Reality sectors show weakness on the BSE.
The India Vix is down by 4.88% at 12.94.
Out of 1,973 stocks traded on the NSE, 955 advanced, 627 declined, and 391 remained unchanged today.
A total of 45 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.
Defence stocks up. Astra Micro (+3%), Ashok Leyland, BEL (+1%).
Asahi India start operations at Taloja unit from today. Stock down marginally.
Bombay Dyeing stock rallies 5% after 15.2 lakh shares trade in 2 blocks on NSE at Rs 206.05/sh.
Balkrishna Ind stock advances after Q2 numbers, bonus issue plan.
Offshore Drilling shares gain. Dolphin Offshore (+4%), Hindustan Oil (+3.5%), Aban Offshore (+3%).
Tata Motors stock up 1.5% ahead of Jul-Sep earnings.
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