Nifty and Sensex continue to fall further as several sectors report decline, except for Pharma and Finance companies.

Nifty and Sensex continue to decline as several sectors like FMCG, PSU Banks are showing weakness. Pharma and Finance companies are on the uptrend, with Divi Labs gaining 15% and Shriram Transport Finance appreciating by 8%.

At 1:56 PM, the S&P BSE Sensex is trading at 33,581, down by 18 points, while NSE Nifty is trading at 10,425 down by 14 points.

The BSE Mid-cap Index is trading up by 0.32% at 16,700.21 whereas BSE Small-cap Index is trading up by 0.25% at 17,741.08.

Aurobindo Pharma, Dr Reddy’s Lab, Lupin, HCL, and Sun Pharma are among the gainers, whereas Tech Mahindra, ITC, Infratel, Hindalco, and Hero Motor Corp are losing steam on NSE.

Some buying seen in Finance, Healthcare, IT, Utilities, Consumer Durables, and Teck, whereas FMCG, Industrials, Auto, Telecom, Metal, Reality and Teck sectors show weakness on the BSE.   The India Vix is down by 1.77% at 11.92.

Out of 1,975 stocks traded on the NSE, 782 advanced, 875 declined, and 318 remained unchanged today.

A total of 81 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.

source: indiainfoline.com