Markets

News Details

( 09 Nov 2018)
Sensex down 75 points; IT, Teck stocks slump

Indian benchmarks extended losses during the noon trading session with the Sensex falling over 100 points and Nifty below 10,600-mark. PSU banks are trading in the red, while IT and energy names are trading lower as well. Among gainers, automobile and pharmaceuticals top the charts. Midcap index sees a big surge as well, outperforming the benchmarks. The Nifty Midcap is up 1 percent.

At 13:30 hours, the 30-share benchmark index was trading at 35163 down by 74.68 points or by 0.21 per cent, while the NSE Nifty was at 10580.65 down by 17.75 points or by 0.17 per cent.

In the choppy trade so-far, Sensex touched intraday high of 35287.29 and intraday low of 35011.23 The NSE Nifty touched intraday high of 10619.55 and intraday low of 10544.85.

The top gainers of the BSE Sensex pack were YES Bank Ltd. (Rs. 224.50,+3.94%), Asian Paints Ltd. (Rs. 1298.20,+3.79%), Sun Pharmaceutical Industries Ltd. (Rs. 598.75,+2.81%), Adani Ports & Special Economic Zone Ltd. (Rs. 332.95,+1.94%), Hero MotoCorp Ltd. (Rs. 2942.00,+1.80%), among others.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 659.30,-2.47%), Bharti Airtel Ltd. (Rs. 299.30,-2.17%), Tata Steel Ltd. (Rs. 570.70,-1.68%), Tata Consultancy Services Ltd. (Rs. 1913.75,-1.50%), Wipro Ltd. (Rs. 320.55,-1.49%), among others.

Among the sectors, CDS index was at 19529.7

9 up by 182.32 points or by 0.94%. Voltas Ltd. (Rs. 533.05,+3.63%), Whirlpool of India Ltd. (Rs. 1471.05,+2.25%), TTK Prestige Ltd. (Rs. 6995.00,+1.10%), Titan Company Ltd. (Rs. 858.50,+0.86%), Crompton Greaves Consumer Electricals Ltd. (Rs. 214.80,+0.21%),.

On the flip side, IT index was at 14144.1 down by -212.06 points or by -1.48%. Xchanging Solutions Ltd. (Rs. 47.65,-4.51%), KPIT Technologies Ltd. (Rs.

214.00,-3.12%), Brightcom Group Ltd. (Rs. 3.35,-2.90%), Intellect Design Arena Ltd. (Rs. 262.50,-2.87%), Infosys Ltd. (Rs. 659.30,-2.47%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2618 , shares advanced were 1247 while 1204 shares declined and 167 were unchanged