Equity indices slip further tracking cues from Asian markets

DN Bureau

IT, media and auto scrips slipped into the negative zone but shares of realty, FMCG, pharma and banking companies traded higher.

Indices tumbled in early trading on thursday
Indices tumbled in early trading on thursday


Mumbai (Maharashtra): Benchmark indices fell in early trading on Wednesday after tracking trends in Asian markets.

Also Read: Rupee gains 26 paise against US dollar in opening trade

IT, media and auto scrips slipped into the negative zone but shares of realty, FMCG, pharma and banking companies traded higher.

At 11:15 am, the S&P BSE Sensex was down 137 points at 35,897 while the Nifty slipped 53 points at 10,741.

IOC tumbled 3.6 per cent and was trading at Rs 125.20. Bharti Airtel was down 3.38 per cent at Rs 300.05 and BPCL 3.19 per cent at Rs 318.95. The other losers were Reliance Capital, DHFL, Reliance Industries, and Kotak Mahindra Bank.

Also Read: Sensex drops over 200 pts; Tata Motors tanks 14 pc

Shares of Yes Bank were up over 21 per cent after reports that the Reserve Bank of India (RBI) has not found any divergence in the asset classification and provisioning done by the lender during 2017-18. Tata Motors and L&T were other major gainers.

The Indian rupee too opened lower at 70.87 per dollar after its previous close 70.80.(ANI)










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