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Nifty and Sensex lose heavily as weakness is seen across several sectors. Cipla,Tech Mahindra, Infratel, Axis Bank and Asian Paints are among the gainers
Nifty and Sensex catch the down trend as weakness is shown across several sectors including Telecom, Energy, Oil & Gas and Reality. Bharti Airtel loses by almost 4% dragging the telecom sector.
At 2:48 PM, the S&P BSE Sensex is trading at 33,185, down by 185 points, while NSE Nifty is trading at 10,289, down by 61 points.
The BSE Mid-cap Index is trading down by 0.88% at 16398.68 whereas BSE Small-cap Index is trading down by 1.23% at 17450.87.
Cipla,Tech Mahindra, Infratel, Axis Bank and Asian Paints are among the gainers, whereas Bharti Airtel, HPCL, Vedanta Ltd, Reliance, and YES Bank are losing steam on NSE.
Some buying seen in IT sector, whereas Metals, Telecom, Energy, Oil & Gas sectors show weakness on the BSE.
The India Vix is up by 3.36% at 13.68.
Out of 1,975 stocks traded on the NSE, 532 advanced, 1,125 declined, and 318 remained unchanged today.
A total of 57 stocks registered a fresh 52-week high in trade today, while 21 stocks touched a new 52-week low on the NSE.
Arvind stock slips 5% after board approves demerger of engineering division to Anveshan.
TeamLease Services spurts 16% after acquiring stake in Schoolguru.
Tata Elxsi partners BlackBerry for embedded designs. Stock zooms 4%.
Maruti Suzuki total Oct production up 6.2% at 1.41 lakh units on yoy basis.
Hotel stocks gain on hopes of lower GST. Viceroy Hotels (+10%), TGB Banquets and Hotels (+2%), Asian Hotels West (+4%), Taj GVK Hotels (+3%).
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