Reliance Industries, HDFC twins, ICICI Bank, Kotak Bank, IndusInd Bank, and HUL contributed the most to the fall of S&P BSE SENSEX 50.
Equity benchmark indices turned red after opening on flat to marginally positive note in tandem with its Asian peers.
The Sensex slumped 131 points to trade at 39,398 levels and the Nifty fell 50 points to trade at 11,794 levels, below its key level of 11,800.
Reliance Industries, HDFC twins, ICICI Bank, Kotak Bank, IndusInd Bank, and HUL contributed the most to the fall of S&P BSE SENSEX 50.
Interestingly, shares of Indiabulls Real Estate were trading 5% higher on the BSE after the company in a press note stated that the promoters intend to sell 14% of the fully paid-up capital to the third-party investors. The move has been planned to ensure focus on the financial services business in the long run.
Notably, shares of DHFL, which caused a major sell-off in the markets during yesterday’s trading session, were trading 5% down. This is especially after Tata Mutual Fund has chosen to side-pocket its Dewan Housing Finance (DHFL) investment to separate its troubled investment in the lender and enable investors to redeem their investments in three schemes without any exit load. This is a first for the Indian mutual fund industry.
On the NSE, Vedanta, Wipro, Infosys, SBI, Indiabulls Housing Finance were in the basket of top gainers. Conversely, Dr. Reddy’s, Cipla, IndusInd Bank, Maruti, and Britannia were top losers.
All Sectoral indices on the NSE were in the red, except, the Nifty Realty index, which is trading 0.1% up. The Nifty Pharma was the top loser declining 2%, followed by Nifty Media index, which is down 1%.
Surprisingly, India VIX was trading 0.49% down at 15.52 points.
Markets breadth was trading in the negative on the NSE with 1022 stocks remaining down, 538 shares remaining positive, while 517 shares remaining unchanged.
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The Sensex slumped 131 points to trade at 39,398 levels and the Nifty fell 50 points to trade at 11,794 levels, below its key level of 11,800.
Reliance Industries, HDFC twins, ICICI Bank, Kotak Bank, IndusInd Bank, and HUL contributed the most to the fall of S&P BSE SENSEX 50.
Interestingly, shares of Indiabulls Real Estate were trading 5% higher on the BSE after the company in a press note stated that the promoters intend to sell 14% of the fully paid-up capital to the third-party investors. The move has been planned to ensure focus on the financial services business in the long run.
Notably, shares of DHFL, which caused a major sell-off in the markets during yesterday’s trading session, were trading 5% down. This is especially after Tata Mutual Fund has chosen to side-pocket its Dewan Housing Finance (DHFL) investment to separate its troubled investment in the lender and enable investors to redeem their investments in three schemes without any exit load. This is a first for the Indian mutual fund industry.
On the NSE, Vedanta, Wipro, Infosys, SBI, Indiabulls Housing Finance were in the basket of top gainers. Conversely, Dr. Reddy’s, Cipla, IndusInd Bank, Maruti, and Britannia were top losers.
All Sectoral indices on the NSE were in the red, except, the Nifty Realty index, which is trading 0.1% up. The Nifty Pharma was the top loser declining 2%, followed by Nifty Media index, which is down 1%.
Surprisingly, India VIX was trading 0.49% down at 15.52 points.
Markets breadth was trading in the negative on the NSE with 1022 stocks remaining down, 538 shares remaining positive, while 517 shares remaining unchanged.
Get more details here:
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