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Selling pressure mounts on the market. The Nifty is down 74.10 points or 0.9 prcent at 8231.15 as the the 50-share index is below its 200-day moving average for the first time in nearly 15 months. The Sensex is down 190.69 points or 0.7 percent at 27247.25. About 432 shares have advanced, 1719 shares declined, and 123 shares are unchanged.
Dr Reddy’s Labs, Cipla, BHEL, Sun Pharma and SBI are major losers in the Sensex. Among the gainers are NTPC, Vedanta, ITC, Tata Motors and Bharti Airtel.
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Posted in: Indian Market Tips
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