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Sensex, Nifty in green; Axis Bank up 5%, SBI Cards 4%; Ramco Cements down 6%. RUPEE SLIDES ON MONDAY.Markets down on rumors. FIIs sell:
Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 started Tuesday’s session on a negative note tracking weakness across other Asian markets. Gains in auto, metal and pharmaceutical shares, which helped headline indice overcame some of their initial weakness, were offset by losses in oil & gas, consumer and select financial shares. Broader markets strengthened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices up 0.3 percent and 0.9 percent in early deals respectively. Investors awaited more financial results from India Inc, a day after Axis Bank reported its Q3 earnings.
Axis Bank, Bharti Airtel, Tata Steel, JSW Steel top blue-chip gainers
IndusInd Bank, Hindalco, Hero MotoCorp, PowerGrid and SBI were also among the gainers.
On the other hand, Asian Paints, Wipro, Reliance Industries, Kotak Mahindra Bank, the HDFC twins and Titan were the worst hit among the 34 laggards in the Nifty50 pack.
Sensex tubles nearly 1,100 points, Nifty50 crackes below 16,850
Both headline indices extended losses after a weak opening. The Sensex fell as much as 1,081.9 points or 1.9 percent to 56,409.6 and the broader Nifty50 slid to as low as 16,836.8, down 312.3 points or 1.8 percent from its previous close.
Rupee slid to 3-week low on Monday
The rupee depreciated by 17 paise to close at a three-week low of 74.60 against the US dollar on Monday
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