Quick News Bit


MARKET LIVE: Sensex down 150 pts; PSU Bank, Realty indices slip over 1%

Business
By Dustin Moskovitz
MARKET LIVE: Sensex down 150 pts; PSU Bank, Realty indices slip over 1%
0
Domestic markets trimmed opening losses in Friday’s intra-day trade, as global sentiments turned negative on rate hike concerns.


READ MORE
Domestic markets trimmed opening losses in Friday’s intra-day trade, as global sentiments turned negative on rate hike concerns.
 

Key indices Nifty50 declined over 50 points to trade below 18,000 levels, whereas the S&P BSE Sensex dropped over 250 points to trade around 61,048 levels.
 
Broader markets, too, fell in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.4 per cent. Volatility gauge, India VIX, meanwhile, rose 1 per cent.
 
Barring Nifty Media index, which held marginal gains in a bearish market, all other sectors plunged in the sea of red. Nifty IT, Nifty Pharma, and Nifty PSU Bank indices declined the most, up to 0.7 per cent.

Among individual stocks, shares of Ipca Laboratories slipped 5 per cent to hit a 52-week low of Rs 818.25 as brokerages reduced their FY24/FY25E earnings per share (EPS) estimates for the company post its weak December quarter results. READ MORE

Besides, shares of RPP Infra Projects soared over 9 per cent after the company secured a new order worth Rs 59.92 crore.
READ LESS

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Dustin Moskovitz 99039 posts 0 comments
Leave a comment