Volatility in the market spiked in the last hour, as investors remained uncertain ahead of key economic data to be released later today. The India VIX index surged 5%.
At 1:12 PM, the Nifty50 index was down 59 points, or 0.58% at 10,263 level, while the BSE Sensex was at 33,288 points, down 0.51%.
Shares of Alembic Pharma rose 1.8%, as the company got approval of the USFDA to sell its generic version of Enablex drug in the US.
Shares of Unitech fell over 2% after the Supreme Court deferred Unitech's plea to Wednesday.
Cement companies were trading lower a day ahead of Supreme Court hearing to discuss ban on use of pet coke. Ambuja Cement and ACC stocks decline by 1% each.
Larsen & Toubro Infotech stock gained after the company in a stock exchange notification said that it will offer blockchain solution powered by Microsoft Azure.
Oil exploration companies were trading higher after Brent Crude rose to $65.60, its highest level since June 2015. ONGC (+1.65%), Oil India (+2.18%), Hindustan Oil Exploration (+4%).
Among BSE sectoral indices, metal index was up 0.62%, followed by consumer durables 0.32% and healthcare 0.14%.
On the other hand, power index fell the most by 1.08%, followed by realty 1%, FMCG 0.77% and banking 0.91%.
The BSE MidCap Index and S&P BSE SmallCap Index traded lower by 0.54% and 0.21% respectively.
Dr.Reddy’s (+3.7%), GAIL (+2.6%), Adani Ports (+2.5%), Vedanta (+2.2%), and Lupin (+1.3%) were the top gainers on the Nifty50.
HPCL (-2.96%), Infratel (-2.4%), BPCL (-2.2%), IOC (-2 %), and ITC (-1.9%) were the top losers in today’s trade.
Out of 1,987 stocks traded on the NSE, 634 advanced, 1,018 declined and 335 remained unchanged today.
A total of 76 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.
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