Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. While other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.
Market Update: Equity benchmarks have maintained their downtrend from the first hour, with the Sensex trading down over 200 points, while the Nifty managed to hover below 11,300-mark.
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At 11:01 hrs IST, the Sensex is down 223.20 points or 0.59% at 37298.42, and the Nifty down 62.70 points or 0.55% at 11283.50. The market breadth is negative as well as 995 shares advanced, against a decline of 1,147 shares, while 107 shares were unchanged.
Selling is visible among automobiles as well as energy names, while the pharma index is up around a percent. Midcaps, too, are trading higher by one-tenth of a percent.
Market Update: The benchmark indices extended their fall after lower opening. The Nifty slipped below 11,300 marks and Sensex also down over 200 points trading at 37,269.
Among the sectors, metal, PSU bank and auto are down over 1 percent.
Vedanta, Yes Bank, Tata Steel, Tata Motors, Maruti Suzuki are the top losers on the Sensex.
Market Opens: The benchmark indices have opened lower with Nifty slipped below 11,350 and Sensex down over 100 points. Nifty PSU banks down 1% led by SBI, Syndicate Bank, Allahabad Bank, Canara Bank, Bank of India, Andhra Bank and Bank of Baroda.
The Sensex is down 132.87 points at 37,388, and the Nifty down 36.20 points at 11,310. About 533 shares have advanced, 558 shares declined, and 57 shares are unchanged.
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Market Update: The benchmark indices extended their fall after lower opening. The Nifty slipped below 11,300 marks and Sensex also down over 200 points trading at 37,269.
Among the sectors, metal, PSU bank and auto are down over 1 percent.
Vedanta, Yes Bank, Tata Steel, Tata Motors, Maruti Suzuki are the top losers on the Sensex.
Market Opens: The benchmark indices have opened lower with Nifty slipped below 11,350 and Sensex down over 100 points. Nifty PSU banks down 1% led by SBI, Syndicate Bank, Allahabad Bank, Canara Bank, Bank of India, Andhra Bank and Bank of Baroda.
The Sensex is down 132.87 points at 37,388, and the Nifty down 36.20 points at 11,310. About 533 shares have advanced, 558 shares declined, and 57 shares are unchanged.
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Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. Other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.
On the other hand, ONGC, Indiabulls Housing Finance, Lupin, Sun Pharma, Coal India, Bharti Infratel, Infosys, TCS are among the major gainers.
Rupee Opens: The Indian rupee opened higher by 6 paise at 68.37 per dollar on Thursday versus previous close 68.43.
The rupee rose against the US dollar in the latter half of the session after the RBI considered raising rates by 25 bps but retained its neutral stance as it aimed to contain inflation while not choking growth. It’s the second straight meeting that RBI raised rates but retained its stance Neutral. While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain broadly unchanged, said Motilal Oswal.
Today, USD-INR pair is expected to quote in the range of 68.30 and 68.75, it added.
On the other hand, ONGC, Indiabulls Housing Finance, Lupin, Sun Pharma, Coal India, Bharti Infratel, Infosys, TCS are among the major gainers.
Rupee Opens: The Indian rupee opened higher by 6 paise at 68.37 per dollar on Thursday versus previous close 68.43.
The rupee rose against the US dollar in the latter half of the session after the RBI considered raising rates by 25 bps but retained its neutral stance as it aimed to contain inflation while not choking growth. It’s the second straight meeting that RBI raised rates but retained its stance Neutral. While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain broadly unchanged, said Motilal Oswal.
Today, USD-INR pair is expected to quote in the range of 68.30 and 68.75, it added.
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