Wednesday, 1 August 2018

Share market update: Market trades cautiously; Orient Electric, Reliance Infra crack 4%


Shares of Orient Electric (down 4.79 percent), Reliance Infrastructure (down 4.07 percent) and Greenlam Industries (down 3.85 percent) cracked 4 percent on NSE in Wednesday's session amid cautious market sentiment. 






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Shares of Reliance Infrastructure plunged after the global rating firm Crisil downgraded the company to 'default'. 

Stocks such as Man Infraconstruction (down 3.54 per cent), Reliance Home Finance (down 3.51 per cent), Raymond (down 3.36 per cent), Indoco Remedies (down 3.35 per cent), EIH (down 3.35 per cent), Maithan Alloys (down 3.32 per cent) and VST Tiller Trac (down 3.20 per cent) declined over 3 per cent. 

Domestic equity market was reflecting cautious sentiment ahead of the outcome of RBI's monetary policy meet. 

The NSE Nifty index was trading 19 points up at 11,376, while the BSE Sensex was up 32 points at 37,639 around 10:45 am. 

In the Nifty index, 30 stocks were in the green, while 20 were in the red. 

HPCL, BPCL, Indian Oil Corporation, Bajaj Finserv and Bajaj Finance were leading among Nifty scrips. 


Eicher Motors, Indiabulls Housing Finance, Tata Motors, Maruti Suzuki India and Axis Bank were among the top losers in the Nifty index.

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