Wednesday 15 April 2015

Sensex slips 250 points; auto, pharma stocks drag

The BSE Mid-cap Index is trading down 0.69% at 11,051, whereas BSE Small-cap Index is trading down 0.50% at 11,883 

The market are looking to break into the positive zone on the back of sustained buying support in banking shares and select index heavyweights like - ITC and Maruti.

The Sensex is down 230 points at 28,815, and the Nifty is down 88 points at 8,746. The BSE Mid-cap Index is trading down 0.69% at 11,051, whereas BSE Small-cap Index is trading down 0.50% at 11,883.

The India VIX (Volatility) index is down 0.6 percent at 14.3975.

Sesa Sterlite is the biggest percentage gainer in the Nifty-50. The stock has surged 3.8 percent to Rs. 208.

Tata Power has rallied 2.5 percent to Rs. 82.15. Cairn India and ACC have gained around 2 percent each at Rs. 232 and Rs. 1,625, respectively.

ITC had moved 1.7 percent higher to Rs. 357. ONGC, Maruti and Gail India are the other major gainers.

SBI and Yes Bank remain the torch bearers in the banking rally. Each of the stock has jumped nearly 2.5 percent each to Rs. 293 and Rs. 862, respectively. Punjab National Bank, Bank of Baroda, IndusInd Bank, Kotak Bank and ICICI Bank are up 1-2 percent each.

On the other hand, BHEL has tumbled nearly 3 percent to Rs. 236. Maruti has shed 2.6 percent at Rs. 1,215.

Sun Pharma, Bharti Airtel, Tata Motors, Asian Paints and Cipla have declined over 2 percent each to Rs. 1,125, Rs. 417, Rs. 844 and Rs. 699, respectively.

HCL Technologies, Cipla, Wipro, Idea Cellular, IDFC, Hero MotoCorp, Tata Steel and Infosys are the other major losers.

As many as 91 stocks have registered a fresh 52-week high so far in the day, while 14 stocks have dropped to new 52-week low on the NSE.

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