BSE Sensex nosedives 258.53 points to close at 28,112.31, NSE Nifty below 8,550 mark; RIL stocks down 1.72%

BSE Sensex ended 258.53 points down at 28,112.31 while NSE Nifty fell 68.25 points to settle at 8,521.55

At 3:10 pm, BSE Sensex trades 264.81 down at 28,106.03. NSE Nifty trades 74.10 points down at 8,515.70.

At 3:00 pm, BSE Sensex trades 219.32 down at 28,151.52. NSE Nifty trades 55.50 points down at 8,534.30.

At 3:00 pm, BSE Sensex trades 184.20 down at 28,186.64. NSE Nifty trades 48.65 points down at 8,541.15.

At 1:35 pm, BSE Sensex trades 178.31 down at 28,192.53. NSE Nifty trades 42.20 points down at 8,547.60.

At 12:49 pm, BSE Sensex trades 157.09 down at 28,213.75. NSE Nifty trades 35.85 points down at 8,553.95.

At 11:42 am, BSE Sensex trades 70.99 down at 28,299.85. NSE Nifty trades 15.75 points down at 8,574.05.

At 10:37 am, BSE Sensex trades 86.24 down at 28,284.60. NSE Nifty trades 16.80 points down at 8,573.00.

At 9:26 am, BSE Sensex trades 76.97 down at 28,293.87. NSE Nifty trades 19.00 points down at 8,570.80.

Magnifying their last session’s losses, Indian equity markets have made a negative start and are trading in red on weak global cues.

The sentiments were also under pressure on report that the India’s southwest monsoon so far in July has been 26% below normal.

At present, Sensex and Nifty were trading below the crucial 28,350 and 8,600 levels respectively, with losses of around quarter a percent. However, the session was productive for broader indices, which were trading with gains in the range of 0.15-0.30%.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 185.42 crore on July 23,2015, as per provisional data released by the stock exchanges.

In scrip specific development, G M Breweries soared 20% in early morning trades, after the company reported an over three-fold jump in standalone net profit at Rs 15.89 crore for the quarter ended June 30, 2015 (Q1).

Traders were seen piling up position in Consumer Durables, Healthcare, Metal, Oil & Gas and PSU, while selling was witnessed in Capital Goods, Auto, Bankex, Power and INFRA. The market breadth on BSE was positive in the ratio of 1068:654 while 70 scrips remained unchanged.

The top gainers on the Sensex were Hindalco up by 1.24%, Sun Pharma Inds. up by 1.08%, TCS up by 0.99%, Axis Bank up by 0.82% and Bajaj Auto up by 0.76%.

On the flip side, Wipro down by 2.32%, ICICI Bank down by 2.05%, GAIL India down by 1.81%, Mahindra & Mahindra down by 1.13% and SBI down by 1.06% were the top losers.

The top gainers on Nifty were Bank Of Baroda up by 1.70%, Indusind Bank up by 1.23%, Hindalco up by 1.20%, Sun Pharma up by 1.04% and TCS up by 0.99%.

On the flip side, Wipro down by 2.61%, ICICI Bank down by 2.08%, GAIL India down by 1.86%, Mahindra & Mahindra down by 1.25% and SBI down by 1.22% were the top losers.

Bucking the trend, Reliance Industries was trading a shade higher at Rs 1,045.75 ahead of its financial results, to be announced later today.

Among other Asian markets, Hong Kong’s Hang Seng fell by 0.92 per cent, while Japan’s Nikkei moved down by 0.68 per cent in early trade.

The US Dow Jones Industrial Average ended 0.67 per cent lower yesterday on weak corporate earnings.