Among sectors, banks, automobiles, and pharmaceuticals have taken a hit, while metals and IT names are the big gainers.
Market Update Benchmarks are off their low points, with the Sensex trading lower by around 150 points. The Nifty is hovering around 11,100-mark.
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Among sectors, banks, automobiles, and pharmaceuticals have taken a hit, while metals and IT names are the big gainers. The Nifty Midcap index is down over a percent.
At 10:24 hrs IST, the Sensex is down 142.55 points or 0.39% at 36699.05, while the Nifty is down 57.20 points or 0.51% at 11085.90. The market breadth is negative as 518 shares advanced, against a decline of 1,554 shares, while 111 shares were unchanged.
At 10:24 hrs IST, the Sensex is down 142.55 points or 0.39% at 36699.05, while the Nifty is down 57.20 points or 0.51% at 11085.90. The market breadth is negative as 518 shares advanced, against a decline of 1,554 shares, while 111 shares were unchanged.
Market Update Equity benchmarks have extended their losses, with the Nifty trading below 11,100. The Sensex is down over 200 points.
At 09:54 hrs IST, the Sensex is down 201.43 points or 0.55% at 36640.17, while the Nifty is down 68.60 points or 0.62% at 11074.50. The market breadth is negative as 523 shares advanced, against a decline of 1,319 shares, while 96 shares were unchanged.
Shares of Infosys, Vedanta, and ONGC are the top gainers, while Maruti Suzuki, M&M, Bajaj Finance and Indiabulls Housing have lost the most.
Buzzing stock: Shares of Usha Martin jumped about 8 percent at open after the company signed an agreement with Tata Steel.
Tata Steel on Saturday said it will acquire Usha Martin's steel unit, but did not specify the deal amount.
Shares of Usha Martin closed in on a 52-week high of Rs 36.40. But the stock cooled off soon after.
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At 09:54 hrs IST, the Sensex is down 201.43 points or 0.55% at 36640.17, while the Nifty is down 68.60 points or 0.62% at 11074.50. The market breadth is negative as 523 shares advanced, against a decline of 1,319 shares, while 96 shares were unchanged.
Shares of Infosys, Vedanta, and ONGC are the top gainers, while Maruti Suzuki, M&M, Bajaj Finance and Indiabulls Housing have lost the most.
Buzzing stock: Shares of Usha Martin jumped about 8 percent at open after the company signed an agreement with Tata Steel.
Tata Steel on Saturday said it will acquire Usha Martin's steel unit, but did not specify the deal amount.
Shares of Usha Martin closed in on a 52-week high of Rs 36.40. But the stock cooled off soon after.
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Market opens Equity benchmarks have turned negative after witnessing a mildly higher start. The Nifty is hovering around 11,100, while the Sensex is down around 50 points lower.
The Sensex is down 50.16 points or 0.14% at 36791.44, while the Nifty is down 18.30 points or 0.16% at 11124.80. The market breadth is negative as 465 shares advanced, against a decline of 554 shares, while 70 shares were unchanged.
ONGC, Infosys, Cipla and Tech Mahindra are the top gainers, while Yes Bank, Maruti, and Bajaj Finance are the top losers.
Oil marketing companies are taking a hit on the back of higher crude oil prices. It is also having a resultant impact on aviation stocks.
The Sensex is down 50.16 points or 0.14% at 36791.44, while the Nifty is down 18.30 points or 0.16% at 11124.80. The market breadth is negative as 465 shares advanced, against a decline of 554 shares, while 70 shares were unchanged.
ONGC, Infosys, Cipla and Tech Mahindra are the top gainers, while Yes Bank, Maruti, and Bajaj Finance are the top losers.
Oil marketing companies are taking a hit on the back of higher crude oil prices. It is also having a resultant impact on aviation stocks.
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