The broader market started in red zone, the CNX Midcap index moved down 0.5 percent at 12,585 and the Smallcap index declined over 0.5 percent at 5,437.
The market bucked the global trend and started the day on a mixed note this morning, ahead of futures & options expiry today.
The BSE Sensex opened marginally higher by 17 points at 27,226 and the NSE Nifty was down ten points at 8,275 at the opening bell.
Soon, the key benchmark indices tumbled sharply and dropped to a low of 26,983 and 8,163, respectively.
Currently, the BSE Sensex is down 239 points at 26,986 and the NSE Nifty is also down 64 points at 8,175.
The broader market, too, started in red zone, the CNX Midcap index moved down 0.5 percent at 12,585 and the Smallcap index declined over 0.5 percent at 5,437.
All sectoral indices are trading in red, the CNX Pharma and IT indices are the major loser, down almost a percent each at 11,925 and 10,986, respectively.
The Metal, PSU Bank, Auto, Finance and Infra indices are the other notable losers.
In the Nifty-50 stocks - Dr. Reddy's, HDFC and Zee Entertainment are the top losers, down 2 percent each at Rs. 3,306, Rs. 1,174 and Rs. 313, respectively.
Ambuja Cement, HCL Technologies, Bharti Airtel, Hindustan Unilever, Tech Mahindra and Mahindra & Mahindra are the other significant losers.
On the other hand, Axis Bank has soared 3 percent at Rs. 568, after the company today reported 18.4 percent jump in Q4 net profit at Rs 2,180 crore.
Yes Bank and BPCL have also added almost a percent each at Rs. 842 and Rs. 761, respectively.
The BSE Sensex opened marginally higher by 17 points at 27,226 and the NSE Nifty was down ten points at 8,275 at the opening bell.
Soon, the key benchmark indices tumbled sharply and dropped to a low of 26,983 and 8,163, respectively.
Currently, the BSE Sensex is down 239 points at 26,986 and the NSE Nifty is also down 64 points at 8,175.
The broader market, too, started in red zone, the CNX Midcap index moved down 0.5 percent at 12,585 and the Smallcap index declined over 0.5 percent at 5,437.
All sectoral indices are trading in red, the CNX Pharma and IT indices are the major loser, down almost a percent each at 11,925 and 10,986, respectively.
The Metal, PSU Bank, Auto, Finance and Infra indices are the other notable losers.
In the Nifty-50 stocks - Dr. Reddy's, HDFC and Zee Entertainment are the top losers, down 2 percent each at Rs. 3,306, Rs. 1,174 and Rs. 313, respectively.
Ambuja Cement, HCL Technologies, Bharti Airtel, Hindustan Unilever, Tech Mahindra and Mahindra & Mahindra are the other significant losers.
On the other hand, Axis Bank has soared 3 percent at Rs. 568, after the company today reported 18.4 percent jump in Q4 net profit at Rs 2,180 crore.
Yes Bank and BPCL have also added almost a percent each at Rs. 842 and Rs. 761, respectively.
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