Sensex Slips Over 100 Points, Nifty Trades At 11,430; Sun Pharma, SBI Fall 2%

Sensex Slips Over 100 Points, Nifty Trades At 11,430; Sun Pharma, SBI Fall 2%

According to the latest report, “The domestic stock markets” have started the last day of the week on a negative note. The domestic equity indices opened in red today as global stocks came under pressure after latest geopolitical rigidities. Banking, PSU, metal, realty and FMCG stocks fell by up to 0.30 percent. Receding from its record level, the Nifty50 index also slipped 7.35 points or 0.06 percent to trade at 11,463.35 in early trade. At 11:51 am, BSE Sensex was trading at 37,892.33, with a loss of 132.04 points or 0.35 percent. NSE Nifty, at the same time, was trading at 11,430.30, with a loss of 40.40 points or 0.35 percent. Retreating from its lifetime high, the S&P BSE Sensex dropped 98.32 points or 0.26 percent to trade at 37,926.05 in opening trade.

Some important things to know about Sensex, Nifty trading today:

  • According to market observers, heavy selling pressure was witnessed in banking, oil and gas and metal stocks.

 

  • Top laggards in the Sensex pack in opening trade today were Induslnd Bank (-0.05%), Larsen &Tourbo (-0.10%), Maruti (-0.17%), Reliance (-0.24%) and Sun Pharma (-0.81%). Main losers on the NSE index in the morning session were SBIN, Grasim, Axis Bank, Coal India and Bajaj Finance.

 

  • Stocks of State Bank of India (SBI), GAIL, United Bank are in focus today as these companies are set to release their June quarter results later in the day.

 

  • Jet Airways on Thursday said that its Board has deferred the consideration of unedited financial results for the first quarter of the current financial year 2018-19.

 

 

  • Asia stock markets skidded on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia’s rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling.

 

  • Hong Kong’s Hang Seng was down 0.40 percent, Japan’s Nikkei shed 0.53 percent and Shanghai Composite Index fell 0.15 percent.

by Sawan Kumar on August 11, 2018

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