Rupee slips, Bank Nifty sheds 200pts; Realty, pharma trade firm
The benchmark indices opened on a negative note registering cuts of up to 0.5%. The Nifty is currently trading 20 points lower at 8788; while the S&P BSE Sensex is holds its crucial 29,000 levels trading 120 points lower.
The midcap and small cap index are outperforming the larger peers with up to half a percent gains.
The Indian rupee is trading 9 paise lower at Rs 61.98 against the dollar; after a strong opening.
The market breadth is healthy with 792 shares advancing, 535 shares declining and 343 shares remaining unchanged on the NSE.
On the sectoral front the consumer durables and IT index emerged as the top gainers advancing over a percent each. Realty and pharma shares trim gains after a strong opening in the opening session. FMCG shares are witnessing profit taking with cuts of up to half a percent. Bank Nifty is trading 1% lower.
List of top gainers include HCL Tech, Tech Mahindra, BPCL, Sun Pharma, Hindalco and PNB with over 1.5% gains. Shares of Wipro, Axis Bank, Cipla and DLF joined them advancing over one percent..
On the declining list Asian Paints, Coal India, Bajaj Auto, Dr. Reddy, HDFC Bank ICICI Bank, Bharti Airtel and Bank of Baroda booked the top slots losing over 1.5% each. Joining them are shares of HUL, Power Grid, HDFC, Kotak Mahindra Bank and Grasim with over a percent in declines.
The benchmark indices opened on a negative note registering cuts of up to 0.5%. The Nifty is currently trading 20 points lower at 8788; while the S&P BSE Sensex is holds its crucial 29,000 levels trading 120 points lower.
The midcap and small cap index are outperforming the larger peers with up to half a percent gains.
The Indian rupee is trading 9 paise lower at Rs 61.98 against the dollar; after a strong opening.
The market breadth is healthy with 792 shares advancing, 535 shares declining and 343 shares remaining unchanged on the NSE.
On the sectoral front the consumer durables and IT index emerged as the top gainers advancing over a percent each. Realty and pharma shares trim gains after a strong opening in the opening session. FMCG shares are witnessing profit taking with cuts of up to half a percent. Bank Nifty is trading 1% lower.
List of top gainers include HCL Tech, Tech Mahindra, BPCL, Sun Pharma, Hindalco and PNB with over 1.5% gains. Shares of Wipro, Axis Bank, Cipla and DLF joined them advancing over one percent..
On the declining list Asian Paints, Coal India, Bajaj Auto, Dr. Reddy, HDFC Bank ICICI Bank, Bharti Airtel and Bank of Baroda booked the top slots losing over 1.5% each. Joining them are shares of HUL, Power Grid, HDFC, Kotak Mahindra Bank and Grasim with over a percent in declines.
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