INSUBCONTINENT EXCLUSIVE:
Bharti Airtel, HCL, Infosys and Tech Mahindra lost 1-3 per cent each on the BSEThe standard indices have actually extended their losses in
noon trading due to offering pressure in infotech stocks
At 2:21 pm, the BSE Sensex is trading at 59,081.05, lower by 1000.50 points or 1.66 percent and the NSE Nifty is at 17,584.80, down 272.25
The wider markets are also trading weak, with the BSE Midcap index and BSE Smallcap index shedding around 1 percent each.Asian shares are
trading mixed as investors were concerned over China Evergrande Group's financial obligation crisis and a broadening power shortage in
China.In the currency market, the rupee valued 8 paise to 73.75 versus the US dollar in early trading, tracking positive domestic equities
At the interbank forex, the rupee opened at 73.79 against the dollar and edged higher to 73.75 thereafter.On the stock-specific front,
Bharti Airtel has actually dived almost 4 percent to Rs 696 to the losers list on the BSE
Information technology stocks continue to trade weak, with HCL, Infosys and Tech Mahindra losing 1-3 percent each on the BSE
Bajaj Finance and Bajaj Finserv are the other considerable losers in the BSE pack.On the other hand, power stocks are trading company, with
NTPC and Powergrid getting around 5 percent each on the BSE
Titan, Reliance Industries and Maruti Suzuki are the other considerable gainers in the Sensex pack.Among stocks in the news, BPCL shares
gained more than 1 percent on the BSE after the nation's second biggest fuel merchant revealed strategies to pump in Rs 1 lakh crore into
petrochemicals, renewables and electrical mobility throughout the next five years.BHEL soared nearly 7 per cent after company bagged an
order from Goa Shipyard for warship weapon mount.The BSE market breadth is weak
Out of 3,289 stocks traded on the BSE thus far, there are 1,337 advancing shares as versus 1,782 declines.
