MUMBAI: Indian markets were under selling pressure on Friday traders off-loaded positions after sharp fall in the global equities. Realty, banks and power stocks were the worst hit while oil&gas space showed resistance.
At 2:22 pm, Bombay Stock Exchange’s Sensex was at 16799.66, down 187.87 points or 1.11 per cent. The index touched intra-day high of 16939.58 and low of 16684.13.
National Stock Exchange’s Nifty was at 5019.85, down 71 points or 1.39 per cent. The index touched a high of 5085.65 and low of 4984.60 in trade so far.
BSE Midcap Index was down 2.28 per cent and BSE Smallcap Index moved 2.68 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 3.92 per cent, BSE Bankex fell 2.85 per cent and BSE Power Index was down 2.31 per cent. BSE Oil&gas Index advanced 0.90 per cent.
Reliance Infrastructure (-6.67%), Tata Motors (-4.79%), DLF (-3.24%), Reliance Communications (-2.96%) and SBI (-2.81%) led the Sensex decline.
Reliance Industries (2.87%) and HUL (1.25%) were the only Sensex gainers.
Shares of Reliance Industries surged while shares of Anil Ambani owned ADAG group tanked after the Supreme Court announced its verdict in the favour of Reliance Industries.
The three-member bench presided by Chief Justice KG Balakrishnan passed the judgment that the Memorandum of Understaning between the Mukesh Ambani and Anil Ambani is not legally binding. The bench has asked the two parties to renegotiate the gas price in next 6 weeks time.
Shares of Reliance Natural Resources plunged 21.58 per cent on the NSE after losing the case against RIL.
Market breadth was negative on the BSE with 1185 declines against 136 advances
ET
At 2:22 pm, Bombay Stock Exchange’s Sensex was at 16799.66, down 187.87 points or 1.11 per cent. The index touched intra-day high of 16939.58 and low of 16684.13.
National Stock Exchange’s Nifty was at 5019.85, down 71 points or 1.39 per cent. The index touched a high of 5085.65 and low of 4984.60 in trade so far.
BSE Midcap Index was down 2.28 per cent and BSE Smallcap Index moved 2.68 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 3.92 per cent, BSE Bankex fell 2.85 per cent and BSE Power Index was down 2.31 per cent. BSE Oil&gas Index advanced 0.90 per cent.
Reliance Infrastructure (-6.67%), Tata Motors (-4.79%), DLF (-3.24%), Reliance Communications (-2.96%) and SBI (-2.81%) led the Sensex decline.
Reliance Industries (2.87%) and HUL (1.25%) were the only Sensex gainers.
Shares of Reliance Industries surged while shares of Anil Ambani owned ADAG group tanked after the Supreme Court announced its verdict in the favour of Reliance Industries.
The three-member bench presided by Chief Justice KG Balakrishnan passed the judgment that the Memorandum of Understaning between the Mukesh Ambani and Anil Ambani is not legally binding. The bench has asked the two parties to renegotiate the gas price in next 6 weeks time.
Shares of Reliance Natural Resources plunged 21.58 per cent on the NSE after losing the case against RIL.
Market breadth was negative on the BSE with 1185 declines against 136 advances
ET
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