Thursday 7 May 2015

Nifty trades below 8,100

The broader market, too, started in red zone, the CNX Midcap index is marginally down at 12,541 and the Smallcap index is down 0.3 percent at 5,390. 

After a massive fall yesterday, the market today started the day on negative note, but soon drifted lower as selling pressure continue on the back of weakness in global markets.

The BSE Sensex and the NSE Nifty opened at 26,721 and 8,077. Soon, the key benchmark indices touched a low of 26,570 and 8,066, respectively.

The BSE headline index is now down almost 100 points at 26,624 and the Nifty-50 index is also down 43 points at 8,053.

The broader market, too, started in red zone, the CNX Midcap index is marginally down at 12,541 and the Smallcap index is down 0.3 percent at 5,390.

All sectoral indices are in negative zone, the CNX Bank Nifty, Auto, Energy, Finance, Metal, Pharma and PSU Bank indices have declined 0.3 percent each.

Among Nifty-50 shares - Asian Paints is the top loser - down over 2 percent at Rs. 744. Ultratech Cement has slipped nearly 2 percent at Rs. 2,560.

Cipla, Hindalco, IndusInd Bank, Kotak Bank, Axis Bank, Lupin, Maruti Suzuki and Mahindra & Mahindra are the other significant losers.

On the other hand, Hindustan Unilever, Cairn India, Bharti Airtel and ONGC are the other major gainers - up around a percent each.

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