10:26 a.m.: Losses in Infosys, Larsen & Toubro, TCS, Sun Pharma and ONGC were exerting pressure on the benchmark indices. These stocks collectively shaved off 53 points from the Sensex.
10:11 a.m.: Shares of Jubilant FoodWorks which runs popular food joints such as Domino’s Pizza and Dunkin’ Donuts fell as much as 12.35 per cent to hit intraday low of Rs 975 after Centre for Science and Environment, or CSE, said bread available in India could be laced with toxic chemicals that can lead to thyroid disorders and cancer. Products of five popular multinational fast-food outlets — KFC, Pizza Hut, Domino’s, Subway, McDonald’s and Slice of Italy — were also found to contain high levels of the chemicals, CSE said.
9:55 a.m.: VRL Logistics was the top loser from the small-cap space, down 20 per cent to Rs 315.10 after the company reported Q4 numbers post the market hours on Monday. SRS Real Infrastructure, IGPL, Jubilant Foodworks, Welspun Corp, HSIL and GVK Power were also among the losers, down 6-10 per cent each.
9:49 a.m.: Monsanto India shares jumped over 5 per cent on Tuesday after the government withdrew its notification that mandated the capping of royalty for new genetically modified (GM) traits.
Sources said the decision was taken in view of severe criticism from biotech industry and farm experts, who were of the view that the move would hurt foreign investment in agri-research and discourage introduction of new technologies into India.(Read)
9:38 a.m.: Amara Raja Batteries was the top loser from the mid-cap space, down 3 per cent to Rs 893. Emami, Indian Hotels, Britannia Industries, Torrent Pharma, Indiabulls Housin Finance, OFSS and Alstom T&D were also among the losers, down 1-2 per cent each.
9:29 a.m.: From the Nifty50 basket of stocks, 34 were declining while 17 were advancing.
Tata Power was the top Nifty gainer, up 1.7 per cent at Rs 71.85. NTPC, Cipla, Tata Motors, ITC, ICICI Bank, Reliance Industries and ACC were also among the gainers, up 0.5-1.2 per cent each.
On the other hand, Adani Ports and SEZ was the top Nifty loser, down 1.17 per cent to Rs 179. Mahindra & Mahindra, Sun Pharma, Lupin, Kotak Bank, Aurobindo Pharma, Bank of Baroda and BPCL were also among the losers.
On the sectoral front, select banking, IT, healthcare, oil & gas and capital goods stocks were facing selling pressure. At the same time buying was seen in power, FMCG and realty shares.
The broader markets were also trading on a lacklustre note with BSE mid-cap and small-cap indices down 0.10 per cent each.
9:21 a.m.: The Sensex and Nifty edged lower in the opening deals on Tuesday tracking weakness in Indian rupee against the US dollar.
The Sensex slipped 38 points to 25,192 and Nifty declined 9 points to 7,722.
The rupee hit fresh two-month low of 67.65 per dollar in early trading today.
Meanwhile, foreign institutional investors sold shares worth Rs 65.6 crore and domestic institutional investors sold shares worth Rs 167.77 crore on Monday.