Sensex, Nifty Slip Into Negative Zone

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Stock markets slipped into the negative zone due to heavy selling in metal, consumer durables, realty and infrastructure stocks.Share indices wiped gains and slipped into the red tracking shares of major banks, and also due to a sell-off in most global equities.

Sensex slipped by 27 points at 33,534 and the Nifty traded 14 points lower at 10,330.

Among BSE sectoral indices, metal index fell the most by 1%, followed by consumer durables 0.61%, realty 0.66% and banking 0.33%. On the other hand, IT index was up 1.10%, Teck 0.69%, capital goods 0.11% and oil & gas 0.13%.

The broader markets were trading mixed with the BSE MidCap Index marginally lower and the S&P BSE SmallCap Index rose 0.09%.

Among the Nifty50 Index, Infosys, HCL Tech,Tech Mahindra, Eicher Motors, HPCL and RIL were the major gainers, whereas Adani Ports, Hindalco, Dr.Reddy’s, Vedanta and GAIL were the major losers in today’s trade.

India VIX rose by 0.23% at 14.07 level.

Adlabs stock surges 5% as Damni Comletes Hotel acquisition.

Aptech stock gain over 13% to its highest level since January 2008. Stock is up over 25% in last 6 sessions.

Zydus gets tentative approval from the USFDA for Tadalafil Tablets USP. Cadila stock trades down.

Neuland Lab stock slips 7% on disappointing Q2 earning.

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