Last Updated : Dec 05, 2018 02:37 PM IST | Source:

D-Street Buzz: Metal stocks slip further dragged by JSPL; Sun Pharma hits new 52-week low, YES Bank most active

The breadth of the market favoured the declines with 475 stocks advancing and 1202 declining while 385 remained unchanged. On the BSE, 748 stocks advanced, 1713 declined and 160 remained unchanged.

Sandip Das @Im_Sandip1

The Indian benchmark indices continue to trade in the red with the Nifty50 is down 81 points, trading at 10,788 while the Sensex shed 219 points and is trading at 35,914.

Nifty Metal has extended the earlier loses and is down over 3 percent dragged by JSPL, JSW Steel, Hindalco Industries, NALCO, SAIL, Tata Steel, NMDC, Coal India and Hindustan Copper.

Nifty Pharma shed 2 percent dragged by Sun Pharma which tanked 5 percent followed by Aurobindo Pharma, Lupin, GSK Pharma, Cipla and Dr Reddy's Labs.

From the IT space, the top gainers included names like Tata Elxsi, Tech Mahindra and HCL Tech.

The top gainers from NSE include HDFC,  Tech Mahindra, HCL Tech, Bharti Infratel and Hindustan Unilever.

The top losers included Hindalco Industries, Sun Pharma, Vedanta, Tata Motors and Tata Steel.

The most active stocks were YES Bank, Sun Pharma, Reliance Industries, Bharat Forge and HDFC.

89 stocks have hit new 52-week low including names like ABG Shipyard, JSPL, Dish TV, Sun Pharmaceutical Industries, Deepak Fertilizers, Bharat Forge, IL&FS Engineering and Construction, IL&FS Transportation Networks, Kirloskar Brothers, Punj Lloyd, Sun Pharma Advanced Research Company and UFO Moviez among others.

The breadth of the market favoured the declines with 475 stocks advancing and 1202 declining while 385 remained unchanged. On the BSE, 748 stocks advanced, 1713 declined and 160 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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First Published on Dec 5, 2018 02:37 pm
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