The broader index was off the day’s lows in midday trade, but continued to come under selling pressure for the fourth straight session as global cues were uneven. The BSE Sensex fell 68 points to 57,544, while the NSE Nifty50 lost 25 points to 17,189.
Of the 30 Sensex stocks, 13 rose between 0.6-2%, led by gains in Bajaj Twins, Titan, Asian Paints, Wipro, Maruti, RIL and Tata Steel. On Nifty, Divis Labs, Cipla and Britannia were additional winners.
In the broader market, the BSE midcap and small cap indices continued to underperform, down 0.5% and 1.2%, respectively. Among midcap stocks, Tata Power, Sona BLW Precision, Bhel, Gujarat Gas, Adani Power, PFC, GlaxoSmithKline, Union Bank of India and Bank of India were the biggest losers, down 2-6%.
Sector-wise, the Nifty Pharma and Healthcare indexes were the only gainers, rising as much as 0.2%. Real estate, metals, IT and banks continued to come under pressure, trading down 1%.
Among individual stocks, shares of Biocon hit a six-month high of Rs 410.50 in intraday trade on Tuesday after its subsidiary Biocon Pharma received ANDA approval for U.S. posaconazole delayed-release tablets, up 3% on BSE U.S. Foods Drug Administration (USFDA).
Complete News Source : Business Standard
