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Home Markets

Market Now: Sensex, Nifty trade down; these stocks plunge up to 8%

by The Editor
April 25, 2018
in Markets
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Market Now: Sensex, Nifty trade down; these stocks plunge up to 8%
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NEW DELHI: Shares of Ausom Enterprise (down 8.01 per cent), Bil Energy Systems (down 7.69 per cent) and STI India (down 7.28 per cent) cracked up to 8 per cent on NSE during Wednesday's trade.

Stocks such as Arcotech (down 6.13 per cent), Lanco Infratech (down 5.88 per cent), Nu Tek India (down 5.56 per cent), Tejas Networks (down 5.41 per cent) and BLS International Services (down 5.37 per cent) plunged over 5 per cent on NSE.

Equity markets were in the red following weakness in the global equities after the US bond yields rose above 3 per cent.

Boiling global crude oil prices too dented sentiment at domestic level.

Selling was seen in all sectors, but IT was bucking the trend. IT majors, Wipro, TCS and Infosys were trading with gains.

The Nifty50 index was 29 points down at 10,586, while the BSE Sensex was 89 points down at 34,527 around 10:10 am (IST).

Among the 50 stocks in the Nifty index, 16 were in the green, while 34 were in the red.

Bharti Airtel, Tech Mahindra, Wipro and TCS were the top Nifty gainers around that time.

On the other hand, Zee Entertainment, Gail, NTPC and Cipla were leading the pack of Nifty losers.

Original Article

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ET Markets

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The Editor

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