The equity indices slipped into the red hitting a fresh intraday low in afternoon trade as most European stocks edged lower in early trade there. At 2.15 pm, the barometer index, the BSE Sensex, was down 128.5 points at 29,293.84. The NSE Nifty index was down 39.50 points at 9,096.90. IT stocks declined, while Auto company’s stocks were mixed.
Banks stocks surged Yes Bank rose 0.1%, HDFC Bank rose by 1.2%, IndusInd Bank up by 0.6%, and Axis Bank surged 0.3% during post lunch hours. The ICICI bank was contributing nearly 30% to the BSE Bankex index losses and dragging it to lower levels. Some buying activity is visible in Energy, Realty and Consumer Durables, whereas Healthcare, Finance, FMCG indices were showing weakness on BSE.
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