HDFC TWINS DRAG SENSEX:NIFTY
LOWER;
Among sectoral front, auto, Bank Nifty, and financials were
exchanging lower possibly, while Nifty Realty record rose 1%, trailed
by metal, media, FMCG and banking stocks.
Equity benchmark records opened lower on Wednesday tracking weak
global cues.The sentiment was also impacted after the IMF cut
India’s growth forecast by 20bps to 7.3% for the current financial
year.
On the sectoral front, auto, Bank Nifty, and financials were
trading lower marginally, while Nifty Realty index rose 1%, followed
by metal, media, FMCG and banking stocks.
Offers of Hindalco were down 1% after there was an episode in the
red mud (bauxite buildup) storage area connected to the alumina plant
situated at Muri, Jharkhand, on April 09, 2019.
Offers of HDFC Bank dropped 1% in the first part of the
day exchange on the NSE after a media report said that an undisclosed
element is probably going to sell 1.1cr offers or 0.42% value in the
stock by means of square arrangement in a scope of Rs2,219-2,287 for
every offer.
The Sensex dropped 45 points at 38,896, while
the Nifty was at 11,666, down 6. The market breadth was
negative on the NSE with 882 offers progressing, 624 offers
declining, and 562 staying unaltered.
The Indian rupee opened level at 69.28 per dollar versus the
previous close of 69.29/$.
Cipla, Indiabulls HF, Coal India, and ONGC were
among top gainers, while TCS, HDFC, Hero MotoCorp, and
Hindalco are the top failures on the NSE.
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