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(16/09/2019 10:37)

Sensex down 180 pts, Nifty at 11k

Indian benchmark indices continued to hover in red amid a spike in oil price following an attack on Saudi Arabia’s oil facilities on Saturday that cut more than 5 per cent of global oil supply.

Share price of Mahindra and Mahindra (M&M) slipped 1.6 percent after company declared no production days ranging from 8-14 days in various plants of the company.

At 10:30 hours, the 30-share benchmark index was trading at 37203.71 down by -181.28 points or by -0.48 % and then NSE Nifty was at 11033.3 down by -42.6 points or by -0.38 %.

Sensex touched intraday high of 37252.23 and intraday low of 37111.29 The NSE Nifty touched intraday high of 11034.25 and intraday low of 10988.8.

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 131.75,+2.29%), Mahindra & Mahindra Ltd. (Rs. 715.30,+0.87%), Hindustan Unilever Ltd. (Rs. 1820.00,+0.84%), Tata Consultancy Services Ltd. (Rs. 2157.00,+0.73%), Sun Pharmaceutical Industries Ltd. (Rs. 424.80,+0.37%), among others.

The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1513.00,-2.26%), Housing Development Finance Corporation Ltd. (Rs. 2050.35,-1.69%), Reliance Industries Ltd. (Rs. 1206.50,-1.55%), Tata Motors Ltd. (Rs. 58.75,-1.51%), YES Bank Ltd. (Rs. 67.75,-1.24%), among others.

Among the sectors, HCS index was at 13108.26 up by 85.56 points or by 0.66%. Suven Life Sciences Ltd. (Rs. 303.50,+9.75%), Wockhardt Ltd. (Rs. 339.75,+7.98%), RPG Life Sciences Ltd. (Rs. 207.55,+7.87%), Morepen Laboratories Ltd. (Rs. 18.70,+6.86%), Lincoln Pharmaceuticals Ltd. (Rs. 155.60,+5.46%),.

On the flip side, Oil&Gas index was at 13496.56 down by -142.78 points or by -1.05%. Hindustan Petroleum Corporation Ltd. (Rs. 256.10,-5.50%), Bharat Petroleum Corporation Ltd. (Rs. 387.15,-5.32%), Indian Oil Corporation Ltd. (Rs. 126.90,-2.42%), Reliance Industries Ltd. (Rs. 1206.50,-1.55%), Castrol India Ltd. (Rs. 129.10,-1.34%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2042 , shares advanced were 1081 while 828 shares declined and 133 were unchanged.