Sensex down over 150 points; PNB, ICICI Bank stocks slip
Benchmark indices were off their opening lows, led by buying witnessed in technology stocks and smart recovery in banks stocks. The stock markets declined for the second day and ahead of index of industrial production (IIP) numbers for February and December quarter GDP growth numbers.
At 11:40 AM, the BSE Sensex was trading at 34,173, down 173 points, while the Nifty50 index was trading at 10,498, down 56 points.
The BSE Midcap Index slipped 0.26% and the BSE Smallcap Index was down 0.13%.
Shares of Binani Industries rose 3% on a report that a consortium led by Dalmia Bharat has emerged as the top bidder for its subsidiary, Binani Cement, which is undergoing insolvency resolution process.
Steel Strips Wheels Limited (SSWL) announced that it has bagged a fresh export order for 2,000 truck wheels to be supplied to European Union (EU) market. The stock gained by 1%.
The Nifty PSU Bank Index was down 0.17%. PSU Bank Index was down over 17% in the month of February till now. ICICI Bank slipped over 2% after the bank said that the company has exposure to the Gitanjali Group. However, Syndicate Bank made a recovery of 5% from the intra-day low. Currently, the stock is trading higher by 2%, followed by Andhra Bank, Union Bank and IDBI Bank.
All sectors barring Pharma, Realty and IT are in the red led by PSU banking, Financial, Media, FMCG, Automobile and Bank Nifty sectors.
Volatility index India VIX rose 0.48% to 13.9900.
Infosys (+1.3%), UPL (+1.3%), Cipla (+1%), Dr Reddy’s (+1%) and GAIL (+0.58%) were the top gainers on Nifty50.
ICICI Bank (-3%), Yes Bank (-2.3%), Vedanta (-1.4%), HUL (-1.3%) and Adani Ports (-1.2%) were the top losers in today’s trade.
Out of 2,016 stocks traded on the NSE, 592 advanced, 1,058 declined and 366 remained unchanged today.
A total of 10 stocks registered a fresh 52-week high in trade today, while 42 stocks touched a new 52-week low.
At 11:40 AM, the BSE Sensex was trading at 34,173, down 173 points, while the Nifty50 index was trading at 10,498, down 56 points.
The BSE Midcap Index slipped 0.26% and the BSE Smallcap Index was down 0.13%.
Shares of Binani Industries rose 3% on a report that a consortium led by Dalmia Bharat has emerged as the top bidder for its subsidiary, Binani Cement, which is undergoing insolvency resolution process.
Steel Strips Wheels Limited (SSWL) announced that it has bagged a fresh export order for 2,000 truck wheels to be supplied to European Union (EU) market. The stock gained by 1%.
The Nifty PSU Bank Index was down 0.17%. PSU Bank Index was down over 17% in the month of February till now. ICICI Bank slipped over 2% after the bank said that the company has exposure to the Gitanjali Group. However, Syndicate Bank made a recovery of 5% from the intra-day low. Currently, the stock is trading higher by 2%, followed by Andhra Bank, Union Bank and IDBI Bank.
All sectors barring Pharma, Realty and IT are in the red led by PSU banking, Financial, Media, FMCG, Automobile and Bank Nifty sectors.
Volatility index India VIX rose 0.48% to 13.9900.
Infosys (+1.3%), UPL (+1.3%), Cipla (+1%), Dr Reddy’s (+1%) and GAIL (+0.58%) were the top gainers on Nifty50.
ICICI Bank (-3%), Yes Bank (-2.3%), Vedanta (-1.4%), HUL (-1.3%) and Adani Ports (-1.2%) were the top losers in today’s trade.
Out of 2,016 stocks traded on the NSE, 592 advanced, 1,058 declined and 366 remained unchanged today.
A total of 10 stocks registered a fresh 52-week high in trade today, while 42 stocks touched a new 52-week low.
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