Sensex above 700 factors, Nifty buying and selling under 17,550; Tech Mahindra, Bajaj Finserv, Dr Reddy’s in high drag


General market breadth was weak as 963 shares had been rising whereas 1,603 had been falling on the BSE.

New Delhi: Indian inventory markets continued to fall for the fourth consecutive session on Friday amid weak international cues. Each the indices are heading for his or her worst week for the reason that finish of November. Asian inventory markets and US futures fell after in a single day losses in US shares damage by lingering considerations over tighter and weaker-than-expected financial and earnings knowledge from the Federal Reserve.

As of 9:25 am, the 30-share BSE Sensex pack was down 722 factors or 1.21 per cent at 58,743 and the broader NSE Nifty was down 209 factors or 1.18 per cent at 17,548.

Mid- and small-cap shares had been in damaging territory as Nifty Midcap 100 index was buying and selling 0.82 per cent decrease and small-cap shares down 0.77 per cent.

On the stock-specific entrance, Tech Mahindra was the highest gainer within the Nifty because the inventory fell 3 per cent to Rs 1,616.90. Bajaj Finserv, Dr Reddy’s, Infosys and Divi’s Lab additionally lagged behind.

On the flipside, POWERGRID, Hindalco and BPCL had been among the many gainers.

General market breadth was weak as 963 shares had been rising whereas 1,603 had been falling on the BSE.

On the 30-share platform of BSE, Bajaj Finserv, Dr Reddy’s, Infosys, TechM, Bajaj Finance, IndusInd Financial institution and Wipro had been the largest losers, falling 3.10 per cent of their shares.

In addition to, Reliance Industries, JSW Metal, HDFC Life Insurance coverage and SBI Life Insurance coverage outperformed their earnings experiences.

POWERGRID, Hindustan Unilever and NTPC had been among the many gainers.

On Thursday, the Sensex was down 634 factors or 1.06 per cent at 59,465, whereas the broader NSE Nifty was down 181 factors or 1.01 per cent at 17,757.



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