The Sensex is down 94.62 points or 0.47% at 20016.99, and the Nifty down 35.60 points or 0.58% at 6078.50. About 834 shares have advanced, 1437 shares declined, and 136 shares are unchanged.
Live Market Commentary
3:50 pm Index losers: BSE Capital Goods index (down 3.8 percent) and BSE Realty index (down 3.6 percent) were laggards of the day. BSE Oil and Gas index fell 0.9 percent from its previous close.
3:45 pm Midcap gainers: Berger Paints and Manappuram Fin were major gainers among the midcap stocks.
3:40 pm Midcap losers: India Cements, Apollo Hospital, AstraZeneca,Dena Bank, HDIL, Muthoot Finance, Omaxe,Puravankara Projects, Shree Renuka, TataTeleservice are major losers in the Sensex.
3:20 pm Puravankara slumps 6% as the price band for the Institutional placement programme (IPP) has been set between Rs 80 to 85a share. The issue opens and closes tomorrow.
Puravankara slumps 6% as the price band for the Institutional placement programme (IPP) has been set between Rs 80 to 85a share. The issue opens and closes tomorrow.
3:15 pm Losers: L&T, Hero Motocorp, Tata Power, GAIL and RIL are major losers in the Sensex.
3:10 pm Buzzing: India Cements was quoting at Rs 75.75, down Rs 8.90, or 10.51 percent.
The market is growing weak dragged by capital goods, realty and oil & gas. The Sensex is down 94.62 points or 0.47% at 20016.99, and the Nifty down 35.60 points or 0.58% at 6078.50. About 834 shares have advanced, 1437 shares declined, and 136 shares are unchanged.
Sun Pharma, Bharti Airtel, Dr Reddys Labs, NTPC and ITC are big gainers in the Sensex.
Big boy L&T disappoints with profit at Rs 1,788 crore, lower than street expectations of Rs 1,944 crore. Margins too are a miss at 12 percent versus estimates of 13.5 percent. The only positive is a bonus issue of 1 share for every 2 held.
Equity benchmarks extended losses in late trade. Country's largest private sector lender ICICI Bank and software services exporter Infosys lose steam in afternoon trade.
BSE Sensex was consolidating in the afternoon trade. Selective buying was seen in FMCG, pharma, IT and capital goods stocks. Realty and oil&gas stocks were under pressure. L&T announces Q4 results lower than street estimates
Oil saw a downtick after five sessions of holding up with brent at USD103.5. Precious metals were in focus again with gold falling 1.3 percent and silver down 2.7 percent.
Equity benchmarks remained firm since early trade. The NSE Nifty gained 10 points to 6,124. Housing finance major HDFC and private oil & gas company Reliance Industries declined 0.5 percent each.
BSE Sensex was trading firm tracking positive regional equities. Asian shares were trading in green while US markets ended at fresh record highs ahead of the Fed meet today. Bank of Japan kept policy rates unchanged.
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