Share Market Updates – BSE Telecom index extends losses for the sixth session

Extending its losing-run for the sixth session, the BSE Telecom index was trading 0.20 % down at 1,390 around 11.27 am (IST) in Friday’s trade with shares of Vindhya Telelinks (down 1.83 %), Sterlite Technologies (down 3.04 %), Mahanagar Telephone Nigam (MTNL) (down 1.12%), Reliance Communications (down 0.94 %) and Bharti Airtel (down 0.56%) as the top losers in the index.

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Reliance Communications saw some selling on reports that the National Company Law Tribunal is set to pronounce its decision on Monday on whether or not to consider the proposal of the merger between Reliance Communications’ wireless business and Aircel.

Stocks such as ITI (up 4.25 %), OnMobile Global (up 3.73 %), Himachal Futuristic Communications (up 2.97 %) and Tata Communications (up 2.95 %) were gaining in the index

Benchmark Nifty50 and Sensex remained low despite a fresh spell of buying emerged in pharma and banking stocks.

Nifty was trading 76 points lower at 9,743, while Sensex was 209 points down at 31,322 around 11.27 am (IST).

Axis Bank, State Bank of India and YES Bank, Lupin and Dr. Reddy’s Laboratories were trading in green in the Nifty chart, whereas Vedanta, hindalco, Hero MotoCorp and Reliance Industries were losing.

Shares of JP Associates, Suzlon Energy, Unitech, HCL Tech, HDIL, NCC, IFCI, Adani Power, South Indian Bank, Union Bank India, Tata Motors and IDFC Bank were among most traded securities on NSE.

In the Nifty50 pack, 14 stocks were trading in green, while 37 stocks were in red.

On BSE, 878 stocks were advancing whereas 1,379 stocks were lagging.

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Sensex tanks 305 pts, Nifty ends below 7800; SBI slips 4%

The Sensex slipped 304.89 points or 1.2 percent at 25399.72, and the Nifty ended 86.75 points or 1.1 percent at 7783.40.

About 913 shares have advanced, 1638 shares declined, and 161 shares are unchanged.

Lupin, Wipro, Hero MotoCorp and TCS were top gainers while Adani Ports, SBI, L&T, HDFC and GAIL were losers in the Sensex.

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Nifty ends above 7850, Sensex down 69 pts; SBI up 2%

The Sensex was down 69.00 points or 0.3 percent at 25704.61, and the Nifty slipped 20.60 points or 0.3 percent at 7870.15.

About 1241 shares have advanced, 1314 shares declined, and 179 shares are unchanged.

SBI, Lupin, ONGC, L&T and Tata Steel are top gainers while Bajaj Auto, M&M, Hero MotoCorp, HDFC Bank and BHEL are losers in the Sensex.

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