Nifty slips below 10,650 mark; Dr.Reddy’s, HDFC stocks drop

All stocks of Nifty Pharma were in the red, down by over 8% each, led by Dr. Reddy's Labs and Glenmark Pharma.

Feb 15, 2019 01:02 IST India Infoline News Service

Sensex Down
Equity benchmark indices extended losses amid a sell-off across sectors and weak global cues. Also, investor sentiment took a beating after a suicide bomber killed over 40 Indian paramilitary police in Kashmir on Thursday.

All stocks of Nifty Pharma were in the red, down by over 8% each, led by Dr. Reddy's Lab and Glenmark Pharma. The fall in Dr. Reddy's Laboratories is triggered by concerns around the USFDA observations for its formulations Plant - 3 at Bachupally, Hyderabad. Read more

Sugar stocks were trading higher in today’s session after the government hiked the minimum selling price (MSP) of sugar by Rs2 per kg to Rs31. Shares of Bajaj Hindusthan Sugar, Shree Renuka Sugars, Balrampur Chini Mills, and Dhampur Sugar Mills Ltd, which were up in the range of 1-2% respectively. Read more

The Sensex is down 290 points at 35,585, while the Nifty slipped 100 points at 10,645. The market breadth was negative with 471 shares advancing, 1,210 shares declining, and 377 remaining unchanged.

The BSE Mid-Cap index was down 1.5%, and Small-Cap index was down 0.9%.

Power Grid, NTPC, BPCL, and Infratel are trading higher on the NSE, while Dr.Reddy’s, JSW Steel, Hindalco, and Sun Pharma are trading lower.

Volatility index India VIX was up 6.11% at 16.73.

The most active stocks were Yes Bank, Dr.Reddy’s, ITC, RIL, and Axis Bank.

Related Story