Moneycontrol
Last Updated : Nov 09, 2018 09:57 AM IST | Source: Moneycontrol.com

D-Street Buzz: Metal stocks down led by JSW Steel, Tata Steel; Bharti Airtel slips 5%

Bharti Airtel, Wipro, Tata Steel, Infosys, TCS, Cipla and JSW Steel are the top losers on the indices.

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It’s a weak start on Friday after it saw a strong Muhurat session. The Nifty has given up 10,600, while the Sensex has fallen over 100 points.

Nifty pharma is up led by Aurobindo Pharma, Cadila Healthcare, Sun Pharma, Glenmark Pharma and Lupin.

Nifty Infra index is also up led by Adani Ports, Adani Power, Bharti Infratel, Interglobe Aviation, Power Grid and Voltas.

On the other hand, metal stocks are trading lower led by JSW Steel, MOIL, Tata Steel, SAIL and Hindalco Industries.

IT stock are trading lower led by TCS, Infosys, KPIT Tech, and Wipro.

Bharti Airtel, Wipro, Tata Steel, Infosys, TCS, Cipla and JSW Steel are the top losers on the indices.

Shares of telecom operator Bharti Airtel slipped 5.2 percent in the early trade on Friday after Moody's Investors Service placed company's rating on review for downgrade, following low levels of profitability and expectation of weak cash flow.

Adani Ports, Divis Labs, Yes Bank, Infibeam Avenue and City Union Bank are the most active shares on BSE.

The breadth of the market favoured the declines with 787 stocks advancing and 783 declining while 471 remained unchanged. On the BSE, 888 stocks advanced, 768 declined and 91 remained unchanged.

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First Published on Nov 9, 2018 09:53 am
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