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Sensex slips over 100 points; Airtel, RCom stocks gain

Equity benchmark indices declined for the second day, led by technology, metal, auto and pharma shares.
Equity benchmark indices opened flat with a negative bias amid correction in global peers.

At 10:15 AM, the BSE Sensex was trading at 34,998, down 115 points, while the Nifty50 index was trading at 10,643, down 38 points.

Hexaware Technologies stock price fell 1% despite the company posted a 18% rise in consolidated net profit at Rs134cr for the quarter ended March 31, 2018.

Bharti Airtel stock gained 2.5% on reports the company plans to raise as much as $1.5 billion by diluting about a fourth of its stake when it lists the holding company for Africa operations, Bharti Airtel International (Netherlands) BV (BAIN BV), in early 2019.

The BSE Midcap was marginally up by 0.06% and the BSE Smallcap indices were up 0.03%.

Airtel (+2.5%), Indiabulls HF (+1%), HUL (+0.96%), Yes Bank (+0.59%) and Dr.Reddy’s (+0.58%) were the top gainers on Nifty50.

Wipro (-2.3%), Asian Paints (-2.1%), Infosys (-1.7%), Tech Mahindra (-1.6%) and Sun Pharma (-1.5%) were the top losers in today’s trade.

Out of 2,026 stocks traded on the NSE, 793 advanced, 760 declined and 473 remained unchanged today.