Indices extend losses with Sensex falling over 450 pts, Nifty below 10,750 dragged by PSU banks
Indices extended morning losses with Nifty trading below 10,750 level, while Sensex declined over 450 points.
The Sensex is down 460.18 points at 35753.20, while Nifty is down 139.90 points at 10740.20. About 331 shares have advanced, 1373 shares declined, and 78 shares are unchanged. Shares of Britannia Industries rose 5 percent on Tuesday after it is going to replace HPCL in Nifty50 index from March 29. Shares of Bliss GVS Pharma rose 1 percent in the early trade on Tuesday after company board gave the approval to increase the FPI/FII investment limit in the company.
The company board in its meeting held on February 25 approved the increase of foreign portfolio investors (FPIs)/foreign institutional investors (FIIs) limits from 24 percent to 74 percent in the company. The geopolitical tension on the Indo-Pak border has pulled the Nifty below 10,800 in the opening trade, while Sensex is down over 200 points.
The Sensex is down 241.49 points at 35971.89, while Nifty is down 81.60 points at 10798.50.
About 171 shares have advanced, 780 shares declined, and 41 shares are unchanged.
Top gainers are Bharti Infratel, Asian Paints and HCL Tech, while losers include Yes Bank, SBI, Indiabulls Housing, JSW Steel, Hero Moto, ONGC, ICICI Bank, Hindalco, Vedanta, Bajaj Finance and Rain Industries, Jet Airways, and Spicejet. Benchmark indices slipped in the pre-opening trade with Nifty trading below 10,850 level.source- www.moneycontrol.com
At 09:02 hrs IST, the Sensex is down 123.65 points or 0.34% at 36089.73, and the Nifty down 35.60 points or 0.33% at 10844.50.
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