The Indian stock market declined for a second straight day weighed down by disappointing second quarter earnings from Axis Bank while Tata Group stocks extend their slide.
The Sensex was trading over 200 points lower, while the Nifty slipped below its crucial psychological support level of 8,650 weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.
At 9:30AM, the S&P BSE Sensex is trading at 27,903 down 240 points, while NSE Nifty is trading at 8,627 down 63 points.
The BSE Mid-cap Index is trading down 0.14% at 13,524 whereas BSE Small-cap Index is trading up 0.02% at 13,515.
Bharti Airtel, Hero MotoCorp, Maruti Suzuki, ONGC, HDFC Bank and Bajaj Auto are among the gainers, whereas Axis Bank, ICICI Bank, Asian Paints, Tata Motors and Dr Reddy’s are losing sheen on BSE.
Some buying activity is seen in media, metal and realty sectors, while banking, financial services, auto and FMCG are showing weakness on NSE.
The INDIA VIX is up 1.63% at 14.7200. Out of 1,857 stocks traded on the NSE, 897 declined, 547 advanced and 413 remained unchanged today.
A total of 42 stocks registered a fresh 52-week high in trades today, while two stocks touched a new 52-week low on the NSE.
The rupee opened marginally higher by two paise at 66.80/$ as against the previous close of 66.82/$.
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