Nifty hovers around 10,350 mark; Metal Index drops

Sensex Down Graph
Indian stock market snapped seven-day winning streak and extended its losses in afternoon session, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week. Index heavyweights like ITC, Infosys, RIL and banking & financials stocks were under pressure.

On the economy front, S&P Global Ratings retained India's sovereign rating at BBB-, with a stable outlook, a week after Moody's Investors Service upgraded India's rating. Jul-Sep GDP data  will be released in this week.

Among BSE sectoral indices, metal index fell the most by 0.98%, followed by 0.57%, FMCG 0.54%, oil & gas 0.25% and energy 0.24%. On the other hand, realty index was up 1%, consumer durables and capital goods 0.68% and power 0.29%.

At 1:30 PM, BSE Sensex down 89 points to 33,589 and the NSE Nifty50 Index slipped 37 points to 10,344.

The BSE Midcap Index gains 0.28% and Smallcap up 0.53% on positive breadth.

NTPC, Axis Bank, UPL, ONGC and Infratel gained the most on Nifty50, while Hindalco, HPCL, IndusInd Bank, Adani Ports and Indosys were the top losers.

India VIX rose by 0.83% at 13.32 level.

Out of 1,995 stocks traded on the NSE, 939 advanced, 720 declined, and 336 remained unchanged today.

A total of 106 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.

Ramco Systems gets order from Saudi Arabia-based co. Stock spurts 3.5%.

Adani Enterprises stock down 2% after voting in Queensland state Election.




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