Sensex slips over 360 points; Sun Pharma stock gains 3%

Indices extended their decline in the morning trade following negative cues from the global markets.

Dec 06, 2018 04:12 IST India Infoline News Service

Sensex Down
Equity benchmark indices extended their decline in the morning trade following negative cues from the global markets.

The Sensex dropped 362 points at 35,523, while Nifty down 112 points at 10,671. About 327 shares have advanced, while 1,146 shares declined, and 564 shares are unchanged.

Shares of JSW Steel, Yes Bank, Cipla, DLF, PFC, HDFC, IndusInd Bank are among other losers, while Infosys, REC, Jet Airways and Sun Pharma are trading higher on the BSE.

On the sectoral front, realty, oil & gas, telecom and basic materials indices fell over 1% each. 

Shares of Sun Pharma erased yesterday’s losses and currently trading higher by 2% on the BSE.

The Indian rupee opened lower by 33 paise at 70.79 per dollar on Thursday vs. previous close 70.46.

Asian stocks are in the red as US futures declined after Canada arrested Huawei Technologies CFO for extradition to the US, raising fears of a fresh flashpoint in tensions between the US and China.

On the economy front, the Reserve Bank of India on Wednesday kept key interest rates unchanged, maintaining a “calibrated tightening” stance.

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