Markets

News Details

( 09 Nov 2018)
Sensex, Nifty stay under stress; Wipro, Infy down 1%

Indian equities continued to trade in negative terrain in early morning deals on Friday amid sustained selling across IT and Teck Stocks, tracking weak cues from Asian peers. Overseas, the Asian stocks were trading mostly lower, following a muting closing at Wall Street in overnight trade, after the Federal Reserve decided to hold short-term interest rates steady at 2-2.25 per cent on Thursday.

At 10:20 hours, the 30-share benchmark index was trading at 35187.22, down by 50.46 points or by 0.14 per cent, and the NSE Nifty was at 10590.45, down by 7.95 points or by 0.08 per cent.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 297.00,-2.93%), Wipro Ltd. (Rs. 319.30,-1.87%), Tata Steel Ltd. (Rs. 572.40,-1.39%), Infosys Ltd. (Rs. 666.70,-1.38%), Kotak Mahindra Bank Ltd. (Rs. 1122.90,-1.07%), among others.

On the flip side, YES Bank Ltd. (Rs. 223.90,+3.66%), Asian Paints Ltd. (Rs. 1279.25,+2.27%), Adani Ports & Special Economic Zone Ltd. (Rs. 333.70,+2.17%), Sun Pharmaceutical Industries Ltd. (Rs. 595.00,+2.16%), Hero MotoCorp Ltd. (Rs. 2942.00,+1.80%), were among top gainers on the BSE.

On the sectoral front, Teck and IT stocks were among top losers on BSE, falling as much as 0.80 per cent and 0.75 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2035, shares advanced were 1047 while 870 shares declined and 118 were unchanged.