Nity slips below 10,500 mark; IOC, SBI stock slip

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Benchmark indices were trading lower ahead of the expiry of futures and options contracts at the end of the session.

Shares of metal companies held onto their gains from earlier in the session on firm global base metal prices.

Among sectors, Nifty Metal, Realty, and FMCG were up, while Nifty PSU Bank and Pharma Index were down today.

At 3:17 PM, the BSE Sensex was trading at 33,830, down 81 points, while the Nifty50 was ruling at 10,471, down 20 points.

Axis Bank's stock dropped 1% after market regulator Sebi ordered the lender to conduct a probe into an alleged data leak.

The BSE Midcap was up 0.26% and BSE Smallcap Index gained 0.56%.

Volatility index India VIX fell over 1.2%.

Hindalco (+4.1%), UPL (+3.3%), Vedanta (+1.7%), HUL (+1.8%) and Lupin (+1.4%) were the top gainers on Nifty50.

Axis Bank (-1.3%), SBI (-1.2%), Hero MotoCorp (-1%), IOC (-0.87%),  and Sun Pharma (-0.82%) were the top losers in today’s trade.

Out of 1,998 stocks traded on the NSE, 959 advanced, 712 declined and 327 remained unchanged today.

A total of 90 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

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