Equity benchmark indices remained under pressure in
afternoon trade, mainly as investors tried to adjust to the impact of rising
oil prices. Further, company profits before the expiry of the June futures and
options contract may have also promoted this volatility. Today's losses led by
ICICI Bank, HDFC, Yes Bank and State Bank of India.
Meanwhile, the rupee fell to a record low of Rs69 per
dollar. Since a weaker rupee bodes well for IT companies, BSE’s IT index rose
to 0.4% in an otherwise sluggish market.
Most of Nifty’s sectoral indices were trading in the red.
Only the auto and metal index registered marginal gains.
At 1:14 PM, BSE Sensex was trading at 35,140 down 76 points,
while NSE Nifty was trading down 10,629 down 42 points.
BSE Mid-cap Index was trading down 0.69% at 15,319, while
BSE Small-cap Index was trading down 0.99% at 15,812.
M&M (+1.60%), Infosys (+1.40%), Tata Steel (+1.03%),
Lupin (+0.96%), and ONGC (+0.86%) were the top gainers on NSE.
Tech Mahindra (-4.52%), Titan (-3.39%), GAIL (-2.74%),
Grasim (-2.09%), and Coal India (-2.05%) were the top losers on NSE.
All sectoral indices were showing weakness on the BSE, with
consumer durables, banking, capital goods and oil & gas leading the pack.
The India VIX was down 0.66% at 13.4200.
Out of 2,059 stocks traded on the NSE, 1,226 declined, 436
advanced and 397 remained unchanged on Thursday.
A total of seven stocks registered a fresh 52-week high in
trade, while 342 stocks touched a new 52-week low on the NSE.
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