Sensex sinks 210 pts, Nifty trades at 10787; PSU and oil&gas stocks weigh
14/06/2018 11:49
The Indian equities continued to trade lower in late morning deals on Thursday, tracking weak cues from Asian peers, after the Federal Reserve raised interest rates and took a more hawkish tone while concerns about US-China trade frictions also kept investors on edge.

At 11:20 hours, the 30-share benchmark index was trading at 35528.51, down by 210.65 points or by 0.59 per cent, and the NSE Nifty was at 10787.8, down by 68.9 points or by 0.63 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 35749.88 and intraday low of 35509.88, while the NSE Nifty touched intraday high of 10833.7 and intraday low of 10782.05.

In line with the benchmark indices, the broader markets were trading lower, with MidCap and SmlCap indices falling as much as 0.35 per cent and 0.14 per cent, respectively.

On the sectoral front, PSU and oil&gas stocks emerged as top losers on BSE, falling as much as 1.29 per cent each.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1244.45,-2.48%), State Bank of India (Rs. 282.40,-1.83%), Oil And Natural Gas Corporation Ltd. (Rs. 167.50,-1.47%), Wipro Ltd. (Rs. 265.15,-1.41%), ICICI Bank Ltd. (Rs. 286.80,-1.38%), among others.

On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 553.80,+1.49%), Tata Steel Ltd. (Rs. 569.40,+0.33%), Dr. Reddy's Laboratories Ltd. (Rs. 2257.80,+0.26%), HDFC Bank Ltd. (Rs. 2040.45,+0.26%), Bharti Airtel Ltd. (Rs. 377.00,+0.24%), were among top gainers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2405, shares advanced were 914, while 1378 shares declined and 113 were unchanged.