At around 1.30 pm, the index was trading at 2,289.10 down 36.30 points or 1.56%. The index has touched a low of 2,286.95 and high of 2,323.15 after opening at 2,305.50.
APL Apollo is bullish after the company announced its quarterly results on Wednesday. APL Apollo announced a 1:5 stock split; Q2 PAT rises by 72% yoy to Rs103cr. The company stock is performing at Rs3,157.00 per piece up Rs27.20 or 0.87%. Midhani is also trading higher.
Hindustan Zinc continued to drag the sector on the second consecutive day while SAIL stocks fell after a high on Wednesday. Both SAIL and Hindustan Zinc have plunged by 3% each.
Hindustan Copper, Hindalco, Coal India, MOIL and Jindal Steel have tumbled by 2% each. Coal India, NMDC and Tata Steel are down 1%.
The indices continued to perform on a bearish note, dragged by metal, media, banking and financial services. BSE Sensex is trading at 39,825.76 down 96.70 points or 0.24% and NIfty50 at 11,687.50 down 42.10 points or 0.36%.