Sensex sees marginal recovery, down over 100 points; Nifty back at 10,900
The stock touched an intraday high of Rs 144.55 and an intraday low of Rs 138.15.
The stock had risen on Wednesday after it won an order from National Highways Authority of India (NHAI) for construction of part of Dwarka Expressway. Equities are trading weak, with the Sensex down over 170 points. The Nifty has recovered marginally to trade above 10,900.
The Sensex is down 175.85 points or 0.48% at 36308.48, while the Nifty is down 54.30 points or 0.50% at 10913.00. The market breadth is positive as 802 shares advanced, against a decline of 620 shares, while 67 shares were unchanged. Shares of Religare Enterprises (REL) rose 2 percent in the early trade on Thursday after company subsidiary filled a criminal complaint against promoters of the company. It’s a gap down start to the market on Thursday morning, with the Sensex taking a cut of 0.7 percent, while the Nifty has given up 10,900-mark.
All sectors are trading in the red, with maximum cuts visible among banks, automobiles, energy, and metals, among others. The Nifty Midcap index is down around a percent.
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