Sensex, Nifty in red

The Indian equity market continues to trade on a gloomy note, on account of profit-taking and futures & options expiry today.

As of 1338 hrs, the BSE Sensex is down 37 points at 29,559 and the NSE Nifty has declined 22 points at 8,892.

The broader indices are also trading in red; The CNX Midcap and Nifty Junior index have declined 0.4 per cent each at 13,163 and 19,612, respectively. The Smallcap index is marginally down at 5,514.

The India VIX (Volatility) index has gained over a per cent at 19.9875.

Among sectors, the CNX PSU Bank has slipped nearly 3 per cent at 4,299. The Metal index continues to trade with a loss of over a per cent at 2,512. The Finance index has also shed almost a per cent at 8,194.

The Bank Nifty, Auto and Infra indices are the other notable losers.

On the other hand, the Realty index has jumped 2.3 per cent at 230. The Energy index has advanced around a per cent at 8,926. The FMCG and Pharma index have also added 0.2-0.4 per cent each at 21,064 and 11,620, respectively.

All PSU Bank shares are trading red.

Oriental Bank of Commerce has tanked almost 8 per cent to Rs. 288. Allahabad Bank and Union Bank of India have cracked 4 per cent each at Rs. 122 and Rs 217, respectively.

Punjab National Bank has plunged over 3 per cent at Rs. 200. Bank of India has slipped almost 3 per cent at Rs. 282.

Bank of Baroda has tumbled 2.5 per cent at Rs. 218. SBI, Syndicate Bank and IDBI Bank have dropped over 2 per cent each.

Canara Bank, Andhra Bank and Indian Overseas Bank are the other significant losers.