At 11:27 AM, the BSE Sensex was trading at 34,722, down by 177 points, while the Nifty50 index was trading at 10,573, down 60 points.
BSE Midcap was up by 0.08%, while BSE Smallcap indices was down 0.04%.
Shares of IOC, HPCL and BPCL fell in the range of 1-2% after cut in fuel prices.
Shares of Manpasand Beverages hit 10% lower circuit. The stock has been falling for the last three sessions and has plunged as much as 42% after it informed the stock exchanges that its auditor — Deloitte Haskins & Sells resigned just four days before the board was to approve its quarterly results.
Shares of Glenmark Pharma dropped 3%. The company’s consolidated revenue for Q4FY18 declined by 7.2% yoy to Rs2,279.8cr. Its net profit decreased 17.5% yoy to Rs151.…