After a weak opening, the equities on the major Indian bourses are still trading in red territory following the weak Asian markets. Going ahead, lack of prominent triggers from the home front to offset negative cues from global markets encourages the domestic investors to trade on a cautious path after a sharp rally since early March.
On a stock specific move, Suzlon is trading higher by nearly 3.5% after world’s fifth-largest wind turbine maker informed that it is exploring the option of selling a large portion of its stake in Belgian company Hansen Transmissions, to raise money for retiring part of its Rs 12,000-crore debt.
During the last hours'' trading session, selling pressure has emerged across Oil & Gas, Metal and Auto stocks whereas moderate buying interest seen across Banking, PSU and FMCG counters.
Among the BSE sectoral indices, Oil & Gas, Metal and Auto stocks declined by 1.03%, 0.72% and 0.54% respectively, while the Bankex, PSU and FMCG indices surged by 1.41%, 1.06% and 0.49% respectively.
Overall the market breadth is negative as 1,267 stocks are trading in red while 860 stocks are in green.
The BSE Sensex declined by 76.15 points at 15,161.78 while NSE Nifty down by 6.94 points at 4,576.45. Besides, the BSE Mid Cap and Small Cap are trading down by 15.41 points and 25.81 points at 5,219.61 and 5,988.85 respectively.
Losers from the BSE Sensex Pack are Reliance Industries down by (4.53%) to Rs. 2,249.95, along with Sterlite Industry by (4.32%) to Rs. 687.1, Tata Motors by (4.16%) at Rs. 341.8, Tata Power by (3.79%) at Rs. 1,129, Hindalco Industries by (2.24%) at Rs. 98.2 and Mahindra & Mahindra Limited by (2.21%) at Rs. 765.95.
Losers from the NSE Nifty Pack are Reliance Industries declined by (5.51%) at Rs. 2,232 along with RPL by (5.44%) at Rs. 139.1, Sterlite Industries by (4.81%) at Rs. 685.35, Tata Power by (4.09%) at Rs. 1,129.65, Tata Motors Limited by (3.47%) at Rs. 344.85 and Hindalco Industries by (2.88%) at Rs. 97.9.
BSE Oil & Gas is trading down by (1.03%) or 108.41 points at 10,401.31. The major losers are Reliance Industries declined by (4.53%) at Rs. 2,249.95 along with RPL by (3.84%) at Rs. 141.30, Gail India Limited by (1.48%) at Rs. 282.75, Essar Oil Limited by (1.40%) at Rs. 166.10 followed by Indian Oil Corp by (0.73%) at Rs. 552.05.
BSE Metal is trading lower by (0.72%) or 87.91 points at 12,132.54. The top losers in the index are Sterlite Industries declined by (4.32%) to Rs.687.1 along with Welsp Guj SR by (3.97%) to Rs. 220.10, Gujarat NRE by (2.63%) to Rs. 49.90, followed by Hindalco Industries by (2.59%) to Rs. 97.85.
On a stock specific move, Suzlon is trading higher by nearly 3.5% after world’s fifth-largest wind turbine maker informed that it is exploring the option of selling a large portion of its stake in Belgian company Hansen Transmissions, to raise money for retiring part of its Rs 12,000-crore debt.
During the last hours'' trading session, selling pressure has emerged across Oil & Gas, Metal and Auto stocks whereas moderate buying interest seen across Banking, PSU and FMCG counters.
Among the BSE sectoral indices, Oil & Gas, Metal and Auto stocks declined by 1.03%, 0.72% and 0.54% respectively, while the Bankex, PSU and FMCG indices surged by 1.41%, 1.06% and 0.49% respectively.
Overall the market breadth is negative as 1,267 stocks are trading in red while 860 stocks are in green.
The BSE Sensex declined by 76.15 points at 15,161.78 while NSE Nifty down by 6.94 points at 4,576.45. Besides, the BSE Mid Cap and Small Cap are trading down by 15.41 points and 25.81 points at 5,219.61 and 5,988.85 respectively.
Losers from the BSE Sensex Pack are Reliance Industries down by (4.53%) to Rs. 2,249.95, along with Sterlite Industry by (4.32%) to Rs. 687.1, Tata Motors by (4.16%) at Rs. 341.8, Tata Power by (3.79%) at Rs. 1,129, Hindalco Industries by (2.24%) at Rs. 98.2 and Mahindra & Mahindra Limited by (2.21%) at Rs. 765.95.
Losers from the NSE Nifty Pack are Reliance Industries declined by (5.51%) at Rs. 2,232 along with RPL by (5.44%) at Rs. 139.1, Sterlite Industries by (4.81%) at Rs. 685.35, Tata Power by (4.09%) at Rs. 1,129.65, Tata Motors Limited by (3.47%) at Rs. 344.85 and Hindalco Industries by (2.88%) at Rs. 97.9.
BSE Oil & Gas is trading down by (1.03%) or 108.41 points at 10,401.31. The major losers are Reliance Industries declined by (4.53%) at Rs. 2,249.95 along with RPL by (3.84%) at Rs. 141.30, Gail India Limited by (1.48%) at Rs. 282.75, Essar Oil Limited by (1.40%) at Rs. 166.10 followed by Indian Oil Corp by (0.73%) at Rs. 552.05.
BSE Metal is trading lower by (0.72%) or 87.91 points at 12,132.54. The top losers in the index are Sterlite Industries declined by (4.32%) to Rs.687.1 along with Welsp Guj SR by (3.97%) to Rs. 220.10, Gujarat NRE by (2.63%) to Rs. 49.90, followed by Hindalco Industries by (2.59%) to Rs. 97.85.
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