The BSE Mid-cap Index is trading down 1.42% at 10,648, whereas BSE Small-cap Index is trading down 0.83% at 11,118.
All sectors are showing weakness on BSE except consumer durables and metal sector in green. The INDIA VIX was up 3.12% at 17.43. A total of 37 stocks registered a fresh 52-week high in trades today, while 33 stocks touched a new 52-week low on the NSE.
Coal India, Tata Steel, Axis Bank, Bajaj-Auto and NTPC are among the gainers, whereas ONGC, TCS, Cipla, Vedanta, Lupin and L&T are losing sheen on BSE.
Out of 1,747 stocks traded on the NSE, 1,077 have declined and 411 advanced so far.
The Indian rupee opened higher by 13 paise at 66.18/$ in early trade on Friday. On macroeconomic side, India’s industrial production growth came in below expectations, while consumer inflation rose to a four‐month high. In this respect, Industrial output growth grew 3.6% in September, down sharply from of 6.3% growth during the prior month. The slowdown is attributed to the sluggishness in the mining activity. Meanwhile, Consumer prices during October rose 5% on yoy basis after a 4.41% increase in September. Rising food prices (particularly pulses) and dilution of congenial base effect is leading to a spike in consumer price inflation.
Shares of IDFC Bank were trading lower 2% at Rs. 64.85 on NSE today. Around 18 lakh shares were traded in a single block at Rs. 64.90 on the NSE.
Jindal Steel and Power hits 10% upper limit at Rs. 78.60 on BSE. The company will announce its September quarter earnings on November 14. The scrip opened at Rs. 71.8 and has touched a high and low of Rs. 82.6 and Rs. 70.1 respectively. So far 89,82,020 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6573.58 crore.