Share Market LIVE: Sensex falls 300 pts, Nifty below 18600, Bank Nifty in red; Infosys, ICICI Bank lead losses

Share Market LIVE: Sensex falls 300 pts, Nifty below 18600, Bank Nifty in red; Infosys, ICICI Bank lead losses

Share Market Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark opened in red, down half a per cent amid weak global cues. While BSE Sensex fell around 300 pts to 62,501.63, NSE Nifty 50 was down around 100 pts at 18,604 levels. Tata Steel, HCL Tech, Infosys, Power grid, TCS, Nestle led losses on the Sensex, falling up to 1.8 per cent, while Hindalco was the top Nifty loser. On the flip side, IndusInd Bank, Axis Bank, Ultratech Cement, SBI Life, HDFC Life, and Coal India were the top outperformers across the two indices. In the broader markets, the BSE Mid Cap was down 0.16 per cent, and the SmallCap index was flat.

Prices rise despite profit booking; dollar dips amid hawkish Fed concerns

Globally, the yellow metal prices rose as a result of a slight pullback in the dollar, making the dollar-backed bullion less expensive for traders holding different currencies, according to Reuters. Spot gold was up 0.4% at $1,775.69 per ounce. US gold futures rose 0.3% to $1,787.10.

Gravita India arm begins Aluminium CastAlloys production; stock jumps 4%

Gravita India announced that Gravita Togo SAU a step-down subsidiary of the company situated in Togo, West Africa has started commercial production of Aluminium CastAlloys from a new recycling plant having an annual capacity of around 4,000 MTP A in phase I. The company is expecting an additional revenue of approximately Rs 60 crore per annum with a gross margin of approximately 26% from the new capacity. 

Bank of Baroda, Bank of India stocks jump

Nifty PSU Bank index bucked market trend and added 0.7%, led by the Bank of India, Punjab and Sind Bank, Bank of Baroda.

 

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