Sensex slips over 100 points


Benchmark indices were down in trade tracking weak cues from other Asian equity markets and due to escalation of geopolitical tensions in the Korean peninsula.

At 2:02 PM, the Nifty50 index was down 47 points, or 0.5% at 10,071 levels, while the BSE Sensex was at 32,695 points, down 0.3% or 107 points.

Shares of metal companies were weak tracking a sharp fall in global base metal prices overnight and early morning today.

Shares of Reliance Industries rose for the second day, up 1%, and were among the top gainers on the Nifty50.

All sectorial indices on the NSE, barring the Nifty IT and Nifty Energy index, were down in trade.

Tech Mahindra (+1.2%), HUL (+1.18%), Reliance Ind (+0.97%), Coal India (+0.66%) and HCL Tech (+0.52%) were the top gainers on Nifty50.

Hindalco (-3%), Vedanta (-2.7%), Bajaj Finance (-2.1%), Sun Pharma (-1.8%) and UltraTech (-1.9%) were the top losers in today’s trade.

India VIX dropped 0.19%.

Out of 1,988 stocks traded on the NSE, 651 advanced, 1,004 declined and 333 remained unchanged today.

A total of 55 stocks registered a fresh 52-week high in trade today, while 17 stocks touched a new 52-week low on the NSE.

Shares of Reliance Infrastructure rose over 2% today after the company said it received two contracts worth Rs50 bn in Bangladesh.

Shares of Suven Life Sciences rose 4% after the company received two product patents from Eurasia and Norway valid through 2034 and 2026, respectively.

Shares of Om Metals Infraprojects rose 2%, as the company will acquire the remaining 50% stake in Om Metals-SPML Infraprojects for Rs19 mn, making the latter its wholly-owned subsidiary.

Asian markets were sharply down after reports that South Korea wants to ramp-up its military capabilities to protect itself in the event of a conflict with North Korea.






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