Sensex, Nifty open weak ahead of RBI policy; metal stocks drag
Nifty was weighed down by losses in the metal and commodity companies following a sharp decline in the global copper prices. The Nifty Metal and Nifty Commodity index were down 1.7% and 0.6% respectively.
The BSE Midcap index was down 0.61%, while the BSE Smallcap index remained unchanged.
Shares of Shilpa Medicare were down 4% as the USFDA issued 10 observations to the company’s Telangana unit.
Shares of Dish TV fell over 1% after the company posted a consolidated loss for Jul-Sep as against net profit a year ago.
Tech Mahindra (+1%), Reliance Ind (+1%), Infosys (+1%), Kotak Mahindra Bank (+1%) and Zee Ent (+0.69%) were the top gainers on Nifty 50.
India VIX dropped 0.51%.
Out of 1,971 stocks traded on the NSE, 902 advanced, 663 declined, and 436 remained unchanged today.
A total of 39 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.