Stock Markets trade with a negative bias on Thursday. Nifty hovers around its important support level of 10,300 levels. Nifty public sectors Banks Index falls 1 percent. Shares of Indian Bank slips 3%, while State Bank of India, Punjab National bank, Canara Bank and IDBI Bank, lose 1% in morning deals.
Indiabulls Housing Finance, Infosys Ltd, Bajaj Auto, Dr.Reddy’s and Sun Pharma gained the most on Nifty50, whereas Kotak Mahindra Bank, ONGC, Tech Mahindra, UltraTech Cement and Adani Ports were the top losers. All sectoral indices in NSE were trading lower.
Out of 1969 stocks traded on the NSE, there were 413 advances against 1133 declines, and 423 stocks remained unchanged. A total of 27 stocks clocked a fresh 52-week high on the NSE, while 4 stocks touched a new 52-week low.
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