Nifty slips below 11,050 mark; RCom, SBI stock gain
Shares of metal and mining companies were the worst hit, as they gave up their recent gains. Coal India's stock, down 2%, was the worst hit on Nifty50.
At 12:27 PM, the BSE Sensex was trading at 36,038, down 244 points, while the broader Nifty50 index was ruling at 11,040, down 86 points.
The BSE Mid-Cap index was down 0.41%. The BSE Small-Cap index was down 0.85%.
Most of the sectoral indices were in red in the early session, while Nifty Auto and Nifty Realty index were marginally higher. The Nifty Auto index rose 0.3% led by chart-topping gains in shares of Bajaj Auto and Hero MotoCorp.
Shares of Emami fell over 6% as the company's Oct-Dec performance was below expectations and its operating margins contracted.
Essar Securities were locked at the 5% lower circuit after promoter Essar Capital sold 4.76% stake in the company through the open market.
Ester Industries stock jumped 10% after it entered into a long-term agreement with Shaw Industries, USA to supply circa 2,500 tonnes per annum of its Stain Resistant Master Batch to Shaw Industries.
Amber Enterprises made a stellar debut on stock exchanges. The stock opened 37.36% higher at Rs 1,180 against its issue price of Rs 859.
Volatility index India VIX slipped 2.18% at 17.4975.
HPCL (+2.4%), BPCL (+2.3%), Bharti Airtel (+1.8%), GAIL (+1.5%) and SBI (+1.4%) were the top gainers on Nifty50.
Asian Paints (-2.4%), Eicher (-2%), Ambuja (-1.8%), Axis Bank (-1.7%) and Dr. Reddy’s (-1.6%) were the top losers in today’s trade.
Out of 2,015 stocks traded on the NSE, 362 advanced, 1,301 declined and 352 remained unchanged today.
A total of 19 stocks registered a fresh 52-week high in trade today, while 28 stocks touched a new 52-week low on the NSE.
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