The headline equity benchmarks traded with significant losses in morning trade. The Nifty traded below the 24,950 mark. Private Bank shares declined after advancing for previous trading session.
At 10:30 ST, the barometer index, the S&P BSE Sensex, declined 486.19 points or 0.60% to 81,507.51. The Nifty 50 index fell 152.85 points or 0.61% to 24,931.90.
In the broader market, the S&P BSE Mid-Cap index shed 0.01% and the S&P BSE Small-Cap index fell 0.06%.
The market breadth was negative. On the BSE, 1,673 shares rose and 1,921 shares fell. A total of 201 shares were unchanged.
Buzzing Index:
The Nifty Private Bank index shed 0.83% to 26,753.55. The index fell 0.14% in the previous trading session.
Bandhan Bank (down 1.27%), Federal Bank (down 1.11%), ICICI Bank (down 0.98%), HDFC Bank (down 0.95%) and IDFC First Bank (down 0.7%), RBL Bank (down 0.41%), Axis Bank (down 0.38%), Kotak Mahindra Bank (down 0.3%), Yes Bank (down 0.26%) down.
Stocks in Spotlight:
Texmaco Rail & Engineering jumped 2.33% after the company announced that it has secured a supply order worth Rs 103.16 crore from Leap Grain Rail Logistics.
Titagarh Rail Systems shed 0.57%. The company said that it has secured a letter of intent (LOI) from Garden Reach Shipbuilders & Engineers for ship construction of two vessels.
Sunteck Realty rose 0.15%. The company announced that it has incorporated a wholly owned subsidiary, Amenity Buildcon (ABPL) to carry construction, real estate and allied activities.