Sensex down 150 pts; Realty, metal, auto, banks crack
The benchmark indices continued to remain sluggish and grinding lower on tepid turnover. Rate sensitives and commodity stocks were reeling under selling pressure.
The benchmark indices continued to remain sluggish and grinding lower on tepid turnover. Rate sensitives and commodity stocks were reeling under selling pressure. April inflation numbers spook the markets.
Realty, metal, banks, FMCG and auto indices were down 1% each. BSE Pharma index was up close to 1% backed by Glenmark Pharma rally. BSE Midcap and Smallcap indices were down 0.75% each a piece.At 14.53 hrs IST, the Sensex was down 183.35 points or 0.99% at 18347.93, and the Nifty was down 45.65 points or 0.82% at 5499.10. About 1037 shares advanced, 1710 shares declined, and 894 shares remain unchanged.Nifty Gainers: Ranbaxy Labs, Sun Pharma, Hero Honda, Ambuja Cements and Sesa Goa were up 1.5-6%. Nifty Losers: Jaiprakash Associates, DLF, Mahindra and Mahindra, Tata Steel and Bajaj Auto were down 2.5-3%.Index heavyweight Reliance Industries was trading at Rs 946.55 down 0.22% from its previous close of Rs 948.65. Refinery major HPCL was trading at Rs 379.60 down 1.31% from its previous close of Rs 384.65. Tech major Infosys was trading at Rs 2,849.50 down 1.06% from its previous close of Rs 2,880.05. Cigarette major ITC was trading at Rs 186.10 down 1.79% from its previous close of Rs 189.50. Hindustan Lever was trading at Rs 302.15 down 1.4% from its previous close of Rs 306.45. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
