Sensex, Nifty under pressure on global weakness; SBI, Cipla zoom 5%

Benchmark indices continued to consolidate further amid global weakness, but the Nifty Midcap

index outperformed, rising third of a percent on positive market breadth.

The 30-share BSE Sensex slipped 46.14 points to 34,605.10 and the 50-share NSE Nifty dropped 22.50 points to 10,514.20. About three shares declined for every two shares declining on the BSE.

State Bank of India gained 5 percent as brokerage houses remained positive on the stock, though they cut target price following quarterly loss of Rs 7,718 crore.

Cipla rallied 5 percent as analysts maintained positive stance, though they slash target price post earnings.

Vedanta lost 3 percent as protests seeking closure of copper smelter run by Vedanta Resources at Thoothukudi turned violent, killing 12 people.

Asian markets are under pressure after US President Donald Trump's dissatisifed with the latest round of trade talks with China.

Referance- https://www.moneycontrol.com/news/business/markets/market-live-sensex-nifty-under-pressure-on-global-weakness-sbi-cipla-zoom-5-2573851.html