Live Stock Market Updates: ITC drags down Sensex; IT stocks gain
All the sectoral indices except Nifty IT index are trading in negative territory. The index is trading higher by around 1.11% at around 10553 levels.
The IT giants in the country Wipro, TCS and Tech Mahindra are the top gainers in the IT stocks. Wipro is trading higher by around 3.15% at Rs 522 per share. The stock has gained around 3% in the past five trading sessions.Bonazcapital
The company recently announced that it has developed nine blockchain based solutions for the banking financial services and Insurance (BFSI).
There are 296 advances, 1282 declines and 368 unchanged stocks on NSE reflecting that the bears are dominating in the market.#ina000003197
At 11 AM, the S&P BSE Sensex is trading at 30505 down 152 points, while NSE Nifty is trading at 9467 down 58 points. ITC is the biggest contributor to the Sensex losses. A total of 31 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 1.36% at 14871, whereas BSE Small-cap Index is trading down 1.19% at 15493.
Some buying activity is seen in Information Technology sector, while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.
TCS, Tech Mahindra, Wipro, Lupin and Sun Pharma are among the gainers, whereas Hindalco, Yes Bank, Bharti Infratel, Axis Bank and Ambuja Cement are losing sheen on NSE in the first trading hour.