Sensex, Nifty off day’s low
Technology, FMCG, select banks stocks, Reliance Industries and L&T continued to trade lower, whereas ICICI Bank and HDFC capped market losses.
Benchmark indices off its day’s low in afternoon trade with all sectoral indices trading lower following global weakness.
Benchmark equity indices pared intraday losses in afternoon trade. Technology, FMCG, select banks stocks, Reliance Industries and L&T continued to trade lower, whereas ICICI Bank and HDFC capped market losses.
European stock markets were trading lower as investors closely monitored trade talks between the US and China and digested new earnings reports.
At 1:49 PM, the BSE Sensex was trading at 35,164, down 12 points, while the Nifty50 index was trading at 10,695, down 22 points.
Realty shares declined in today’s trade. Housing Development and Infrastructure (HDIL) (down 4.35%), Oberoi Realty (down 3.45%), Indiabulls Real Estate (down 2.78%), Unitech (down 2.77%), Sobha (down 1.32%), DLF (down 0.84%), Prestige Estates Projects (down 0.83%), Phoenix Mills (down 0.42%), Omaxe (down 0.18%) and Mahindra Lifespace Developers (down 0.02%), edged lower. While, Sunteck Realty (up 0.15%), Parsvnath Developers (up 0.99%) and D B Realty (up 1.81%), edged higher
Greaves Cotton share price gained over 2% after the company reported a 20.8% growth year-on-year in net profit at Rs56.6cr on strong revenue and operational performance.
The BSE Midcap was down by 1% and the BSE Smallcap indices were down 0.77%.
Infratel (+3.5%), Hindalco (+2.3%),ICICI Bank (+1.9%),Sun Pharma (+1.8%) and Axis Bank (+1.5%) were the top gainers on Nifty50.
HCL Tech (-7%), UPL (-3.1%), Tech Mahindra (-1.8%), Kotak Bank (-1.7%) and L&T (-1.4%) were the top losers in today’s trade.
Out of 2,043 stocks traded on the NSE, 396 advanced, 1,303 declined and 344 remained unchanged today.