Sensex, Nifty rangebound; top ten stocks in focus

NEW DELHI: The S&P BSE Sensex plunged as much as 86 points in trade on Wednesday following muted trend seen in other Asian markets. The fall in the index was led by losses in ITC, HDFC Bank, Tata Motors and L&T.

Tracking the momentum, the 50-share Nifty index also came under some bit of pressure but was trading above its crucial psychological level of 7700.

At 11:10 a.m.; the BSE Sensex was trading 0.18 per cent lower or 46.23 points at 25,861.78. It hit a low of 25,821.59 and a high of 25,901.68 in trade today.

The 50-share Nifty index was trading 0.23 per cent lower or 17.65 points at 7,728.90. It hit a low of 7,715.80 and a high of 7,739.60 in trade today.

"Considering the prevailing volatility in benchmark indices, it's advisable to uphold the stock specific approach on Wednesday as well," said Jayant Manglik, President-retail distribution, Religare Securities Limited.

"Ideally, traders should also keep their positions hedged during such market situations; to avoid unmanageable losses," he added.

ITC Limited

HDFC Bank

Tata Motors

Larsen & Toubro Limited