Business

Sensex, Nifty At Day's Lows; Hindalco, Tata Steel Top Losers

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KIMS Hospitals IPO and Dodla Dairy IPO have actually opened for trading todayThe domestic markets extended the losses in twelve noon trading in the middle of volatililty, due to weak point in index heavyweight Reliance Industries and metal stocks.

At 1:10 pm, the BSE Sensex was trading at 52,537.05, lower by 237.95 points or 0.45 percent and the NSE Nifty was at 15,785.20, down 84 points or 0.53 percent.

The broader markets are also trading lower, with the BSE Midcap index and BSE Smallcap index losing 0.4 percent each.In the currency markets, the rupee is trading at day's low at 73.37 per dollar.

It had actually opened flat at 73.29 per dollar against the previous close of 73.31.

On the IPO front, the KIMS Hospitals IPO and Dodla Dairy IPO have opened for trading today.

Dodla Dairy shares are being used in the cost band of Rs 421-428 per share and Krishna Institute of Medical Sciences (KIMS Hospitals)' shares are being used in the rate band of Rs 815-825 a share.And the continuous public offer of Shyam Metalics and Energy has actually received subscription of 6.18 times till afternoon on the final day of bidding as financiers put in quotes for over 13 crore equity shares versus an offer size of 2.1 crore equity sharesMeanwhile, 8 of 11 sector assesses compiled by the National Stock market were trading lower led by the Nifty Metal index's 0.6 per cent fall.

The Nifty Automobile, IT and Pharma indices were also trading with a negative bias.

On the other hand, FMCG and PSU Banking shares were seeing buying interest.On the stock-specific front, Adani Ports has actually dived 4 percent at Rs 730 to top the loser's list on the NSE.

Metal stocks are trading weak, with Hindalco, Tata Steel and JSW Steel losing around 2-3 percent each on the NSE.

And index heavyweight Reliance Industries has actually lost 1.4 per cent.On the other hand, Nestle, Tata Customer Products and ONGC are amongst the significant stocks to buck the weak pattern with gains of around a per cent each.




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