Sensex, Nifty open weak ahead of RBI policy; metal stocks drag


Equity tips:-
  • Benchmark indices opened lower today as caution prevailed ahead of RBI's monetary policy review outcome and on weak cues from the global markets.  
  • Nifty was weighed down by losses in the metal and commodity companies following a sharp decline in the global copper prices. The Nifty Metal and Nifty Commodity index were down 1.7% and 0.6% respectively.  
  • At 9:48 AM, the Nifty 50 was at 10,102, down 17 points or 0.16% from the previous close. The BSE Sensex was at 32,753, down 50 points or 0.15%.  
  • The BSE Midcap index was down 0.61%, while the BSE Smallcap index remained unchanged.  
  • Shares of Shilpa Medicare were down 4% as the USFDA issued 10 observations to the company's Telangana unit.  
  • Shares of Dish TV fell over 1% after the company posted a consolidated loss for Jul-Sep as against net profit a year ago.  
  • Tech Mahindra (+1%), Reliance Ind (+1%), Infosys (+1%), Kotak Mahindra Bank (+1%) and Zee Ent (+0.69%) were the top gainers on Nifty 50.

  • Hindalco (-2.5%), Vedanta, Tata Steel (-2%), Bajaj Auto (-1.2%) and Eicher (-1.1%) were the top losers in today’s trade.      
  • India VIX dropped 0.51%.  
  • Out of 1,971 stocks traded on the NSE, 902 advanced, 663 declined, and 436 remained unchanged today.  
  • A total of 39 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

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