Banking stocks slipped for second straight day, with the Bank Nifty were trading lower by 0.53%. RBL Bank stock dropped 2% followed by IndusInd Bank, Kotak Mahindra Bank, Yes Bank and Axis Bank.
Nifty Energy is down by a percent dragged by HPCL, India Oil Corporation and Reliance Industries which are down over 1% respectively.
Nifty IT index was slightly trading lower at 15,497. Tech Mahindra, Infibeam and HCL tech were down by 1% each.
However, shares of Mindtree, Tata Elxsi, KPIT Technologies and Oracle Financial Services Software were in the green.
On the flip side, Nifty FMCG index gained 0.85% at 276.50. United Spirits, UBL stock gained nearly 2%, while ITC stock hit 52-week high in today’s trade. Emami, GSK Consumer, Marico, and Dabur were other top gainers.
Nifty Metal index rose 1.4% in today’s session, and it is top sectoral gainer on the Nifty 50. Hindustan Copper stock zoomed ~5%, Jindal Steel, Tata Steel and SAIL were up in the range of 2-4%.
The most active stocks include Reliance Industries, Yes Bank, JSW Steel, Tata Steel, and Reliance Infra.