Benchmark indices Sensex
continued to trade in red in the afternoon trade on Thursday. BSE Sensex was trading 142 points lower at 32,334.08 and Nifty50 was 40 points lower at 10,040.70 at around 2 pm.
Among sectoral indices on NSE, all sectors were in losses except Nifty FMCG (up 0.20 per cent). Nifty PSU Bank index plunged 2.30 per cent followed by Nifty Metal, down 1.44 per cent.
Among sectoral indices on NSE, all sectors were in losses except Nifty FMCG (up 0.20 per cent). Nifty
PSU Bank index plunged 2.30 per cent followed by Nifty
Metal, down 1.44 per cent.
On the BSE, shares of Coal india, LupinBSE -3.80 %, SBI, ICICI Bank and Tata Motors plunged up t0 3 per cent. On the other hand, Reliance was the top gainer, up 2.30 per cent to Rs 1,661.45.
VIP Industries today reported a 30.38 per cent increase in its consolidated net profit at Rs 40.98 crore for the first quarter to June. Net profit in April-June of the previous year stood at Rs 31.43 crore, VIP Industries said in a BSE filing. Reacting to the results, the stock gained 3.27 per cent to Rs 184.50.
11.10 am: Sensex, Nifty trade in red; All sectorals except Nifty Pharma lose in trade
Domestic indices were trading in red in the morning trade on Thursday. BSE Sensex was as many as 139 points down at 32,337.61 while Nifty50 was trading at 10,040.90, down 40 points or 0.40 per cent at around 11.10 am.
Nifty Bank index extended losses for the second day in a row after the Monetary Policy Committee (MPC) of the Reserve Bank of India slashed the short-term lending rate, or repo rate, by 25 basis points to 6 per cent at its third bi-monthly policy review on Wednesday.
Shares of Punjab National Bank (down 3.08 per cent), Canara Bank (down 1.89 per cent) and YES Bank (down 1.99 per cent) cracked in the morning deals.