Nifty and Sensex are trading on a choppy notes as weakness is seen across several sectors with Telecom sector losing around 2%. Bharti Airtel drags the index by losing over 5%.At 10:37 AM, the S&P BSE Sensex is trading at 33,404, up by 33 points, while NSE Nifty is trading at 10,357, up by 7 points.
The BSE Mid-cap Index is trading up by 0.28% at 16,590.09 whereas BSE Small-cap Index is trading up by 0.28% at 17,718.02.
Cipla, Sun Pharma, Tech Mahindra, Infratel, and Asian Paints are among the gainers, whereas Bharti Airtel, HPCL, Indian Oil, YES Bank, and Zee Entertainment are losing steam on NSE.
Some buying seen in IT, FMCG, Healthcare, and Teck sectors, whereas Basic Materials, Telecom, Energy, Oil & Gas, Consumer Durables, and Metal sectors show weakness on the BSE.
The India Vix is up by 0.67% at 13.32.
Out of 1,970 stocks traded on the NSE, 901 advanced, 676 declined, and 393 remained unchanged today.
A total of 41 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.
Bharti Airtel stock drops over 5.4% after 2.19 Cr shares change hands in a block deal. Three Pillars exits stake in Bharti Airtel via multiple block deals.
Lupin stock up 1% on short covering as company said it would try to resolve warning letter early.
Cipla stock surged 4% post better-than-expected earnings.
Ujjivan stock rallies over 5% after 1.03 Cr shares or 7.7% equity change hands in multiple blocks on the NSE.
Sun Pharmaceutical’s subsidiary Taro Pharma reported a strong performance during the previous quarter. Stock rises 2%.
Axis Bank board to meet on Nov. 10 to consider raising funds. Stock up 4%.
Adlabs to sell Novotel Imagica Khopoli Hotel for Rs 213 Cr to Bright Star. Stock spurts 3%.
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