Sensex flat, Nifty below 10,700; rupee wipes out gains, Dr Reddy's top gainer

The market erased all its opening gains to trade lower despite strong global cues, pulled down by HDFC Bank that fell 2 percent on profit booking.

The Sensex is down around 100 points and the Nifty slips below 10,700 while the Nifty Bank index falls 200 points.

HDFC, TCS and FMCG stocks are under pressure while Reliance Industries, Infosys, ICICI Bank supported the market.

Dr Reddy's Labs is the top gainer among Nifty50 stocks, rising nearly 3% after getting zero observations for Srikakulam plant from USFDA.

Reference By- https://www.moneycontrol.com/news/business/markets/market-live-sensex-flat-nifty-below-10700-rupee-wipes-out-gains-dr-reddys-top-gainer-2581839.html

Sensex loses 95 pts, Nifty ends below 10,700; Midcap index sheds 267 pts

Benchmark indices ended lower, with the Sensex falling 95.12 points to 35,227.26 due to sell-off in banking & financials, FMCG and technology stocks.

The Nifty slipped 40 points to 10,696.20. About three shares declined for every share rising on the BSE.

The Nifty Midcap index fell 267 points.

Atlanta, Manpasand Beverages, GMR Infrastructure, Shankara Build, PC Jeweller, Reliance Nippon, Kwality, IRB Infrastructure, V-Guard, Graphite India, Tinplate, HEG, Venky's, Edelweiss Financial, Allahabad Bank, Andhra Bank, CG Power and Punj Lloyd fell up to 15 percent.

Firstsource, KPIT Technologies, Torrent Pharma, Engineers India, Ashok Leyland and TVS Motor Company gained up to 4 percent.

Reference By- https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-loses-95-pts-nifty-ends-below-10700-midcap-index-sheds-267-pts-2580369.html

Sensex dips 150 pts amid political turmoil in Italy; M&M, Coal India rally

The market extended previous day's losses with the Sensex falling more than 150 points following correction in global peers on political turmoil in Italy.

The Nifty50 has broken 10,600 levels while all sectoral indices are in the red barring IT.

Banking & financials pulled the market lower as Nifty Bank and Financial Services indices lost nearly a percent.

Oil retailers IOC, HPCL and BPCL fell up to 3 percent after cut in fuel prices.

M&M, Coal India and Power Grid gained 2 percent each following March quarter earnings.

The 30-share BSE Sensex declined 171.66 points to 34,777.58 and the 50-share NSE Nifty slipped 62.10 points to 10,571.20. shares have advanced, 895 shares declined, and 86 shares are unchanged. 

Reference By- https://www.moneycontrol.com/news/business/markets/market-live-sensex-dips-100-pts-amid-political-turmoil-in-italy-mm-coal-india-rally-2578491.html