The market breadth was in favour of the declines with 437 stocks advancing while 1138 declined and 454 remained unchanged. On the other hand, in the BSE, 580 stocks advanced and 1258 declined and 82 remained unchanged.
The Indian equity market was trading on a negative note on Thursday morning with the Nifty falling 32 points was trading at 10,685 while the Sensex was down 67 points or 0.19 percent.
The midcap index was trading lower by 1 percent dragged by Biocon which shed 4 percent while Just Dial tanked 10 percent. Siemens was trading lower by almost 5 percent.
Bank Nifty was also in the negative territory as stocks like Federal Bank, Yes Bank and Kotak Mahindra Bank traded weak. However, ICICI Bank was up over 1 percent while Axis Bank gained close to 1 percent.
The top Nifty gainers included Bharti Infratel which was up 2.5 percent followed by ICICI Bank, Hindalco Industries, Zee Entertainment Enterprises and Axis Bank.
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The most active Nifty stocks included Interglobe Aviation which tanked over 15 percent followed by PC Jeweller which fell 8 percent. TCS, HDFC and HCL Tech were the other active stocks.
The top Nifty losers were HCL Tech which fell 5 percent while Eicher Motors, Indiabulls Housing Finance, Cipla and Tata Motors were the other losers.
The top BSE gainers included MMTC which jumped 7 percent while Mindtree and Bharti Infratel added 2 percent each. NIIT Tech and Cyient were the other gainers
14 stocks hit fresh 52-week high in the morning trade including Cyient, Indiabulls Ventures, Pidilite Industries and Ujjivan Financial Services among others.
82 stocks hit new 52-week low including names like Amtek Auto, Balrampur Chini, BEL, Chennai Petro, HDIL, Idea Cellular, HUDCO and Kwality among others.
The market breadth was in favour of the declines with 437 stocks advancing while 1138 declined and 454 remained unchanged. On the other hand, in the BSE, 580 stocks advanced and 1258 declined and 82 remained unchanged.