Nifty below 12k, Market down 100 pts ahead of MPC meet outcome; DHFL tumbles 12%
The benchmark indices continue to trade lower on May 6 as investors remain cautious ahead of MPC meeting outcome today.
The Sensex is down 116.57 points at 39,966.97, while Nifty is down 56.80 points at 11,964.90. About 697 shares have advanced, 1070 shares declined, and 104 shares are unchanged. Shares of PSP Projects touched a 52-week high of Rs 544, rising 4 percent in the early trade on Thursday as the company won orders worth Rs 155.61 crore in the Financial Year 2019-20. It is a flat start for the Indian indices on May 6 with Nifty below 12,000 ahead of Monetary Policy Committee meeting.
At 09:17 hrs IST, the Sensex is down 50.85 points at 40032.69, while Nifty is down 22.70 points or 0.19% at 11999. About 423 shares have advanced, 401 shares declined, and 63 shares are unchanged.
IndusInd Bank, SBI, ICICI Bank, DHFL Gail, Indiabulls Housing, Yes Bank, Zee Ent, Tech Mahindra, Ultratech Cement, Grasim, Bharti Infratel are among major losers, while gainers are IOC, Tata Motors Bajaj Auto, Lupin and NTPC.
Among the sectors, PSU banks and IT space trading under pressure, while auto, FMCG and metal trading with marginal gains.
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