LIVE MARKET: Sensex drops 350 pts, Nifty below 11,750; pharma, auto dip



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Markets

Markets

Benchmark indices continued to be traded half a percent lower on Friday afternoon session, dragged by heavyweights like HDFC, Reliance Industries and Maruti Suzuki.

S & P BSE Sensex fell 234 points, or 0.58 percent, to 39,371 with YES Bank, Maruti Suzuki, Sun Pharma, HDFC and Kotak Bank leading the losing list. The broader Nifty50 index fell 54 points, or 0.46%, to 11,773.

All sector indices of the NSE, except the Nifty PSU Bank indices, were being traded in red. Nifty Pharma Index, down 1.4 percent, took the deepest cuts.

In the broader market, the S & P BSE MidCap Index was trading 40 points, or 0.27%, below Rs 14,640, while the S & P BSE SmallCap rose 8 points, or 0.06%, to 14,073.

BUZZING STUDIO

Shares of Aurobindo Pharma fell 8 percent to Rs 579 in BSE early Friday morning after the company received a warning letter from the health regulator of Active Ingredient Pharmaceutical Ingredients (API) in Srikakulam, Andhra Pradesh. CONSULT MORE INFORMATION

Sobha's shares fell 11 percent to Rs 500 on BSE on Friday after more than 4 percent of the real estate entrepreneur's total capital changed hands through block deals early in the morning. CONSULT MORE INFORMATION

Tanla Solutions shares continued their upward movement, reaching a 9-year high of Rs 67.20 per share, a 5% increase on BSE in an otherwise otherwise weak market. The stock traded at its highest since October 26, 2009. CONSULT MORE INFORMATION

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