: In line with their global peers, the domestic benchmark indices started trade lower on Monday extending losses for a fourth day. The
was at 17,207 lower by 69 points.
Among the Sensex-30 shares, Bajaj Finserv, Nestle, HDFC, L&T, Ultratech Cement, Titan and Asian Paints were the top losers. On the Nifty, HDFC Life, Tata Consumer, UPL, Britannia, SBI, Bajaj Finserv and Shree Cement were the top laggards, down up to 1.9 per cent.
On the flip side, Dr Reddy’s, NTPC, PowerGrid, IndusInd Bank and TCS were the only gainer on the bourses, up to 0.8 per cent higher.
Dr Reddy’s was firmly up as the company said that it has received the Establishment Inspection Report (EIR) from the USFDA indicating closure of the inspection at its manufacturing facilities (FTO 7 & FTO 9) at Duvvada, Visakhapatnam.
MidCap and SmallCap indices were in the negative territory, down 0.5 per cent and 0.9 per cent, respectively. India VIX was also up by over 5 per cent.
Sectorally, all indices were deep in red led by losses in Nifty Realty index, down over 2 per cent. Other notable losers included Nifty Bank, Auto, Metals, FMCG, Financials, Consumer Durables, all down a per cent each.
Moreover, Kalpataru Power was up nearly 2 per cent on the BSE as the company announced the merger of JMC Projects (India) to create one of India’s largest EPC companies in the areas of power transmission, buildings & factories, railways, oil & gas, water and heavy civil. As per the merger ratio, sharesholders of JMC shall be issued equity shares of Kalpataru in the ratio of 4:1.
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