Nifty slips below 10,300 ahead of Nov WPI data
Banking stocks were trading down led by losses in Bank of Baroda, ICICI Bank and State Bank of India.
At 9:51 AM, the Nifty50 Index was down 27 points or 0.26% at 10,295 points, and the BSE Sensex was at 33,383, down 0.22%.
Shares of Dr.Reddy’s Laboratories jumped 4.1% after the US Food and Drug Administration cleared the company’s unit-3 in Hyderabad.
Shares of Oil & Natural Gas Corp rose 1.2% after the global crude oil prices hit their highest level since 2015 overnight.
On the sectoral front, Metal, Pharma, Media and Auto were the top gainers, while Pvt Banking, FMCG, PSU Bank, and Realty Index were the top losers on the NSE.
Dr.Reddy’s (+4%), Vedanta (+2.7%), GAIL (+2.3%),Hindalco (+1.9%) and ONGC (+1.87%) were the top gainers on the Nifty50.
HPCL (-2.3%), Asian Paints (-1.94%), BPCL (-1.9%), IOC (-1.8%), Eicher (-1.6%) were the top losers in today’s trade.
India VIX gained 1.78%.
Out of 1,974 stocks traded on the NSE, 716 advanced, 839 declined and 419 remained unchanged today.
Meanwhile, the Indian rupee opened higher at 64.41 per dollar against yesterday’s close of 64.46.
Tags Nov WPI data Stock Market Updates Maruti NCC Nifty Sensex Tech Mahindra IndusInd Bank Bajaj Auto Infosys Rupee Asian marketGujarat assembly elections US Fed