After a subdued spell and a subsequent smart move up north, the market has retreated and dropped down to lower levels again this afternoon with investors pressing sales in some top rung realty, automobile and bank stocks.
Power, capital goods and FMCG stocks too are off their highs now. Oil and metal stocks are trading mixed. Information technology stocks are moving higher thanks to a weak rupee. Select healthcare stocks stocks are up with impressive gains.
The Sensex is now down 112.90 points or 0.61% at 18,358.47. The Nifty is down with a loss of 37.60 points or 0.67% at 5593.40.
Tata Motors, Hindalco
and State Bank of India
are down 1.6% to 2%. ICICI Bank
, Maruti Suzuki
, GAIL India
, Sterlite Industries
, Hero Motocorp, Bajaj Auto
and Hindustan Unilever
are also trading notably lower.
J&K Bank is trading lower by 4.8%. Marico, Biocon
, Eicher Motors
, Bharat Forge
, Syndicate Bank
and Central Bank of India
are down 2% - 3%.
Reliance Power, HDIL
, Indian Bank
, Andhra Bank
, Gujarat Fluorochemicals
, HCL Technologies
, Engineers India
, Jubilant Foodworks
are also down with sharp losses.
Bharti Airtel is up 4.2% at Rs 303 thanks to sustained buying at the counter. Infosys
is trading 3.2% up at Rs 2368. Dr Reddy's
Laboratories is up 2.8% at rs 1772.80. ONGC
, Jindal Seel & Power, Coal India
are also trading firm.
Strides Arcolab, up 6%, is the top gainer in BSE 'A' Group. Apollo Hospitals
Enterprises is up 5.5%. Lanco Infratech
, Aurobindo Pharma
, Century Textiles
, United Phosphorus
, Shree Cement
, JP Power, Indraprastha Gas
, Hindustan Zinc
and Exide Industries
are up 2% - 4%.
Tata Coffee (13%) is up sharply on heavy volumes. On the National Stock Exchange, over 2.7 million shares have been traded so far at the Tata Coffee counter today.
United Spirits tops the turnover chart, clocking a volume of over 4.5 million shares, valued at Rs 830 crore. However, the stock is down in negative territory with a loss of 1.7% at Rs 1819.