Thursday, 16 August 2018



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The Indian benchmark indices this Thursday morning are trading in the red taking cues from its global peers with the Nifty down 30 points at 11, 404 while the Sensex shed 135 points and is trading at 37,716The metal index is the biggest drag, down 2 percent with losses from Hindustan Zinc, Hindalco Industries, Jindal Steel & Power and JSW Steel which are down 2-3 percent. Vedanta is also trading lower by 4 percent.

From the banking space, Kotak Mahindra Bank is down 2 percent followed by YES Bank, IDFC Bank and ICICI Bank.


With the rupee hitting an all-time low of 70.25 amid Turkey crisis, IT and pharma stocks are positively impacted with gains from HCL Tech, Mindtree, KPIT Tech and Infosys. The top pharma gainers include names like Cipla, Piramal Enterprises and Sun Pharmaceutical Industries.
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