Nifty has been trading low under pressure, as many stocks have witnessed selling in today’s trade. Stocks from the financial and banking space have seen continued profit taking.
The Nifty is down by 11 points at 8358, while the BSE Sensex has moved down by 46 points, at 27598.
Stocks that have gained in today’s trade are GAIL and Hero Motoco. GAIL has been able to amass 2.2% gains while Hero Motoco is up by 1.7% at 2632.
M&M, Grasim and Lupin have seen marginal gains.
Tata Motors is the top loser on the index. The stock is down by 1.7%. NTPC, Sun Pharma, BPCL, ONGC – have all seen trades on the decline with stocks seeing more than 1% cuts .
ONGC, Cairn and LT have also lost nearly a percent each.