Live: Sensex Falls Nearly 200 Points, Sun Pharma Shares Slump 8%
The Sensex fell nearly 200 points and then moved Nifty 9400 due to weak pharmaceutical capital, consumer goods, banking, real estate and energy. Pharmaceutical stocks were among the most affected by trade so far with top-tier pharma stocks like Sun Pharma, Cipla and Aurobindo Pharma, ranging from 3 to 5 percent each. Analysts say the Nifty is likely to trade in the range of 9400 to 9500 and on the rise and any leaks on either side of the ridge will determine the trend of the future index.
12:34: The width of the market is still very bearish, while 2122 stocks fall, while stocks of 409 advance on the BSE.
12:05: shares of gas company owned GAIL India, have fallen more than 6 percent to Rs 365.50 on Tuesday after reporting after Monday market hours, 69% of its profit. For the quarter from January to March due to the value of its investment in the Dabhol power plant. Gail India reported a gain of Rs. Rs 260 million for 4Q against Rs. 832 crore profit for the same period the previous year. Analysts surveyed by NDTV Profit had estimated that the net profit of Rs. 1,113 crore.
11:30: Real estate stocks reflect the selling pressure. The BSE index of real estate fell by 2.32 percent; HDIL was the top loser of this space, up to 5.47% Rs. 84.75. DLF, Unitech, Oberoi Realty, Indiabulls Real Estate, Phoenix Ltd and Sobha Ltd. were also among the losers, behind 1 to 3.65% each.
11:11: Videocon Industries was the top loser of small space cap 20 percent at Rs 64.80. Tanla Solutions Dhunseri Petrochem Limited, Indo Count Industries, Den Networks, Mirza International and Sharda Cropchem were also among the losers, front To 7.8 to 15% each.
10:50 Shares of Sun Pharma extend losses, fell 7 percent to reach a 52 week low of Rs 589 ..
10h30: the width of the market was extremely bearish, since 1969 shares declined, while only 269 advanced to the Bombay Stock Exchange.
10:16 am Sun Pharma shares fall 6 percent to reach a new 52-week high Rs. 601 after its US-based subsidiary, Taro Pharma has reported lower than expected earnings.
10:06: Sales pressure visible through the table excludes some IT stocks.
9:59 am: Adani companies was the top loser of the average space, 7% to Rs 112.60 .. Reliance Communications, Bank of India, Indian Bank, Adani Power, Havells India, GMR Infra, minimum required limit, Infra and Jindal Steel were also among the losers, down from 4.6 to 7% each.
09:45: GAIL India was one of the best Nifty losers, a 5.2 percent to Rs 369.85 after the company unveiled the market hours reported on Monday a 69% fall in net income in the fourth. Quarter after realizing the value of its investment in the Dabhol power plant.
Net income for the January-March quarter of the last fiscal year was Rs. Rs 260.16 million or Rs. 1.54 per share, compared to Rs. Rs 832.13 million or Rs. 4.92 per share, net profit for the same period last year.
9:41: The shares of the PSU banks extended their movement yesterday. The sub-index of the PSU PSSE NSE-Nifty bank index fell 1.73 percent; Bank of India was the best loser in this space 5% to Rs. 150. Oriental Bank of Commerce, Bank of Allahabad, Union Bank, Punjab National Bank, Andhra Bank, Baroda Bank and IDBI bank were among the laggards.
9:31 am: Broad markets posted a lower performance analysis. The indices of the mid-body and the small BSE lid fell by more than 1.5% each.
09:24: In the Nifty stock basket, 37 was reduced, while the advanced 14. Sun Pharma was the loser at the top Nifty, 5% at Rs. 607. GAIL India, Aurobindo Pharma, Cipla, Baroda Bank, Indiabulls Housing Finance, State Bank of India, Harbors Adani, Tata Power and Ambuja Cements were also among the losers, down 1.6 to 4.7 percent each.
09:20: Stock markets decline after a positive start. Sensex drops 56 points at 30515 and Nifty slides 24 9415.