Monday blues on D-Street! HDFC twins, Reliance, FMCG stocks drag
Benchmark equity indices remained under pressure, with the Nifty falling below the 11,500 levels following weakness in global stocks. Banking, consumer durables, metals, oil stocks and HDFC twins pulled the market lower.
The rupee weakened further to hit a fresh record low of 72.58 against the US dollar.
Sensex was down 384 points at 38,006, and the Nifty was down 122 points at 11,467.
India VIX jumps 9.32% to 15.18.
Axis Bank gained on the BSE early after the private sector lender on Saturday appointed Amitabh Chaudhry as MD and CEO effective January 01, 2019.
Shares of all three listed companies of IL&FS have hit their respective 52-week lows on the BSE, falling by up to 15% after rating agency ICRA on Sunday downgraded loans and debentures of infrastructure financing firm.
In the broader market, the BSE Midcap slipped 1.14 %, while the BSE Smallcap was down by 0.73%.
Out of 2,076 stocks traded on the NSE, 561 advanced, 1,134 declined and 381 remained unchanged today.
HCL Tech (+1.4%), NTPC (+0.77%), Wipro (+0.62%), Axis Bank (+0.58%) and Lupin (+0.38%) were the top gainers on the NSE.
Bajaj Finance (-3.5%), BPCL (-2.7%), UltraTech (-2.8%), Indiabulls HF (-2.7%) and Bajaj Finserv (-2.6%) were the top losers on the NSE.
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