Live Stock Market Updates: Nifty slips below 9550; PSU Bank stocks drag

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Nifty PSU Bank is the top losing index among the sectoral indices on NSE. Punjab National Bank (PNB) is top loser in the index. It was trading lower by over 4% at Rs 137.8 per share. Bank of Baroda is also trading lower by more than 4% at Rs 154.15 per share. Other public sector banks including Allahabad Bank, Union Bank of India, Andhra Bank, Canara Bank, Syndicate Bank and Bank of India are also trading more than 3%.

The advance declines ratio stood at 419:1093 at NSE with bears dominating the market.

At 10 AM, the S&P BSE Sensex is trading at 31084 down 53 points, while NSE Nifty is trading at 9543 down 31 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 34 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.91% at 14450, while BSE Small-cap Index is trading down 0.97% at 15232.

Some buying activity is seen in FMCG, Healthcare and Telecom while Oil & Gas, Energy, Finance, are showing weakness on BSE.

ITC Limited, Aurobindo Pharma, Adani Ports, Hindustan Unilever and HDFC Bank are among the gainers, whereas Bank of Baroda, Indiabulls Housing Finance, BPCL, State Bank of India and ICICI Bank are losing sheen on NSE.

The INDIA VIX is up 10.4% at 12.76.

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