The frontline indices continue to trade in the negative zone dragged by banks, metal, FMCG stocks. The shares of NMDC dropped more than 5 per cent after company's operations in Chhattisgarh mines have been shut for past couple of days. Chhattisgarh mines contributed 70 per cent to NMDC's sales in FY19. On the other side, the shares of Tiger Logistics surged 3 per cent as company bagged contract for handling the export logistics for the Piaggio Vehicles company.
At 11:19 hours, the SENSEX was trading at 39541.64 down by -215.17 points or by -0.54 per cent and then NSE Nifty was at 11832.7 down by -73.5 points or by -0.62 per cent. The BSE Sensex touched intraday high of 39724.47 and intraday low of 39502.73 The NSE Nifty touched intraday high of 11897.4 and intraday low of 11831.3.
The top gainers of the BSE Sensex were Power Grid Corporation of India Ltd. (Rs. 192.85,+0.97%), Larsen & Toubro Ltd. (Rs. 1520.40,+0.74%), Asian Paints Ltd. (Rs. 1433.70,+0.57%), Bharti Airtel Ltd. (Rs. 361.30,+0.42%), Axis Bank Ltd. (Rs. 815.65,+0.41%), among others. On the other hand, the top losers of the BSE Sensex were YES Bank Ltd. (Rs. 121.65,-9.65%), IndusInd Bank Ltd. (Rs. 1469.95,-6.24%), Tata Motors Ltd. (Rs. 80.80,-2.83%), Vedanta Ltd. (Rs. 166.80,-1.94%), Tata Motors Ltd. (Rs. 166.05,-1.75%), among others.
Among sectors, CGS index was at 19509.59 up by 48.98 points or by 0.25%. ABB India Ltd. (Rs. 1539.95,+1.99%), Larsen & Toubro Ltd. (Rs. 1520.40,+0.74%), Bharat Electronics Ltd. (Rs. 108.00,+0.65%), Bharat Heavy Electricals Ltd. (Rs. 68.50,+0.29%), Siemens Ltd. (Rs. 1261.45,+0.10%),. On the flip side, Bankex index was at 34484.56 down by -295.59 points or by -0.85%. YES Bank Ltd. (Rs. 121.65,-9.65%), IndusInd Bank Ltd. (Rs. 1469.95,-6.24%), Bank of Baroda (Rs. 118.20,-2.52%), State Bank of India (Rs. 340.20,-1.16%), ICICI Bank Ltd. (Rs. 416.80,-0.29%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2217 , shares advanced were 587 while 1524 shares declined and 106 were unchanged.