Nifty trades below 10,300 ahead of F&O expiry, GDP data


NSE Down
The benchmarks Sensex extended losses by 300 points due to selling in energy. Banking, finance, pharma and FMCG index, while the Nifty traded below 10,300 marks.

As on 12:46 PM, the BSE Sensex was down 279 points at 33,324 and the NSE Nifty slipped 87 points to 10,274.

The selling pressure seen in mid-cap and small-cap shares. The BSE MidCap Index fell 0.41% and the BSE MidCap Index declined 0.15%.

All NSE sectoral indices were trading in the negative zone. Nifty PSU Bank, Private Bank, Financial Services, Auto, Metal, Pharma and FMCG index down by 1% repectively.

Bosch, Indiabulls Housing Finance, Bajaj Auto, Dr. Reddy’s and GAIL gained the most on Nifty50.

Axis Bank, Reliance Industries, UltraTech, Tata Motors and Kotak Mahindra Bank were the top losers.

India VIX rises by 1.66% at 13.28 level.

Out of 1,984 stocks traded on the NSE, 594 advanced, 1,024 declined, and 366 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.

News Highlights:

Sobha stock rallies for third day, rises to highest in over 9 years. Stock jumps 6%.

Hindalco stock dips 1.5% as company cuts aluminum product prices by over 2%.

McLeod Russel arm Borelli Tea Holdings sells 9.14% stake in parent. Stock soars 10%.

Dr. Reddy's stock gains 1% as German regulator approves Duvvada unit.

Panacea Biotec gets USFDA nod for generic of Abraxane. Stock declines 2%.

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