INSUBCONTINENT EXCLUSIVE:
NEW DELHI: After rallying for seven straight sessions, the domestic market took a breather on Tuesday amid heavy selling in select bluechip
counters such as HDFC twins, ICICI Bank, Infosys and ITC
At 09:22 am, the SP BSE Sensex was trading 82 points lower at 37,413, with Axis Bank (up 2.30 per cent) being the top gainer and Vedanta
(down 1.40 per cent) the worst laggard
The broader Nifty50 index of National Stock Exchange (NSE) slipped below the crucial 11,300 level to trade at 11,291, down 28.40 points or
The market is already focused on select largecaps, while we are seeing a muted performance by small and midcap space
So, investors must be trailing the stop losses for medium-term aggressively
The upside in Nifty is still open to the levels of 11,380 - 11,420, said Mustafa Nadeem, CEO, Epic Research.Among specific stocks, shares of
InterGlobe Aviation slipped over 10 per cent in opening deals
to a weak operating performance
IndiGo's net profit fell to Rs 28 crore from Rs 811.1 crore a year earlier
At 09:29 am, the stock was trading at Rs 903.40 apiece on BSE, down 10.04 per cent
Idea Cellular fell as much as 5.38 per cent even as the company reported profit for the quarter ended June 30
It reported a consolidated net profit of Rs 256.50 crore for the June quarter
The telecom company had posted a net loss of Rs 814.90 core in the corresponding quarter last year
At 09:33 am, the stock was trading at Rs 56.75 apiece on BSE, down 2.91 per cent
In the sectoral landscape, metal stocks bled the most while realty pack made merry
At 09:34 am, the Nifty Realty index was trading 1.64 per cent higher at 272.75.On the global front, Asian stocks fell Tuesday after
technology bellwethers led a retreat in US stocks and more signs emerged of softening Chinese economic growth
The yen was flat as traders awaited the outcome of the Bank of Japan policy meeting, Bloomberg reported.
