The breadth of the market favoured the declines as 690 stocks advanced and 1,036 declined while 371 remained unchanged. On the BSE, 995 stocks advanced, 1,389 declined and 146 remained unchanged.
Benchmark indices have slipped into the red in this afternoon session with Nifty down 18 points, trading at 11,579, while the Sensex shed 9 points and is trading at 38,591.
At 14:25 hrs, Nifty Media is the biggest drag, down 2 percent led by Zee Entertainment which is down over 5 percent followed by Dish TV, Zee Media, TV Today, Hathway Cable and EROS International Media.
Oil & gas stocks are also trading in the red with loses from BPCL, HPCL, Indian Oil Corporation, GAIL India and Reliance Industries.
From the PSU banking space, the top losers are IDBI bank, Bank of Baroda, Bank of India, Canara Bank, Indian Bank, PNB and Union Bank of India.
However, FMCG stocks continue to trade in the green led by Marico, Hindustan Unilever, United Spirits, United Breweries, GSK Consumer and Dabur India.
From the BSE midcap space, the top gainers are Cholamandalam Investment, AU Small Finance Bank, Biocon and IGL while the top losers are DHFL which is down 7 percent followed by Reliance Power, Max Financial Services and KIOCL.
From the BSE smallcap space, the top gainers are SPML Infra which zoomed 15 percent followed by Manpasand Beverage and UFO Moviez while the top losers are Filatex India, DB Realty and Mcleod Russel.
India VIX is down 0.76 percent at 26.23 levels.
The top Nifty gainers include HUL, Power Grid, Hindalco Industries, Larsen & Toubro and Titan Company while BPCL, Zee Entertainment, Tata Motors, Bharti Airtel and ICICI Bank are the top losers.
The most active stocks are ICICI Bank, Reliance Industries, Marico, PC Jeweller and Zee Entertainment.
Stocks which hit 52-week high on the NSE included 63 moons technologies, Aavas Financiers, Fairchem Speciality and Mold-Tek Technologies.
On the BSE, 158 stocks have hit 52-week low including DB Realty, McLeod Russel, Mercator, Ashapura Intimates, McNally Bharat, Jyothy Labs, ZF Steering Gear, Eveready Industries, Reliance Home Finance, IDBI Bank, TV Today Network, Kirloskar Oil and Future Retail among others.
77 stocks have hit new 52-week low on the NSE including Cyient, D B Realty, Future Retail, IDBI Bank, IL&FS Transportation Networks, Jain Irrigation Systems, Mcnally Bharat Engineering, Mahanagar Telephone Nigam, Reliance Home Finance and TV Today Network among others.
The breadth of the market favoured the declines as 690 stocks advanced and 1,036 declined while 371 remained unchanged. On the BSE, 995 stocks advanced, 1,389 declined and 146 remained unchanged.
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
