Thursday 10 September 2015

Sensex, Nifty languish in red

The BSE Mid-cap Index is trading down 0.11% at 10,423, whereas BSE Small-cap Index is trading down 0.91% at 10,579. The India VIX (Volatility) index is up 3.28% at 25.09.


Sensex crashes
At 2:11 PM, the S&P BSE Sensex is trading at 25,440 down 279 points, while NSE Nifty is trading at 7,728 down 91 points.

The BSE Mid-cap Index is trading down 0.11% at 10,423, whereas BSE Small-cap Index is trading down 0.91% at 10,579.

All sectors are showing weakness on NSE. The India VIX (Volatility) index is up 3.28% at 25.09.

Tata Motors, BPCL, ZEE Ent, BHEL, Tata Power, Bajaj- Auto and Hero MotoCorp are among the gainers, whereas Hindalco, NMDC, HCL Tech, Power Grid and HDFC are losing sheen on NSE.

The breadth is negative in morning deals - out of 1,725 stocks traded on the BSE so far 398 stocks have advanced, while 1,072 stocks have declined.

Shares of Castex Technologies Ltd hits lower circuit at Rs. 40.35 on BSE today.  SEBI is unlikely to intervene in the ongoing standoff between Amtek Group company Castex Technologies Ltd. and the holders of its foreign currency convertible bonds (FCCBs), according to media reports.

Dr. Reddy's Laboratories Ltd were trading lower 1.2% at Rs. 3,991 on BSE today. The pharma company have entered into a licensing agreement with PanTheryx, Inc. that grants the exclusive right to market and distribute PanTheryx's nutritional intervention, DiaResQ, for infectious diarrhoea in India and Nepal.

Shares of of logistics service providers were seen trading down on reports that the goverment scraps plan for special session on Goods and Sales Tax (GST) Bill.

Patel Integrated Logistics, VRL Logistics, GATI, Sical Logistics and Snowman Logistic were trading lower around 3% each.

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