Sensex down by 288 points in morning trade

Mumbai, August 17: The benchmark BSE Sensex was trading 288 points down in late morning deals on profit-booking in realty, oil&gas, IT, teck, auto, power, consumer durables, healthcare and FMCG sectors amid weak Asian markets.

The market breadth indicating the overall health of the market was negative.

The BSE Sensex resumed higher at 28,093.54 and hovered in a range of 28,095.97 and 27,739.13 before quoting at 27,779.23 at 1100 hrs, a fall of 288.08 points or 1.03 per cent from its last close.

The 50-share Nifty also moved down by 68.45 points or 0.80 per cent to 8,450.10 at 11.00 hrs.

Major losers were, Cipla 4.07 per cent, ONGC 2.98 per cent, Hindalco 2.14 per cent, HDFC 2.05 per cent, Vedanta 2.05 per cent, Infosys 1.94 per cent, M&M 1.80 per cent, RIL 1.55 per cent, Tata Motors 1.53 per cent and L&T 1.44 per cent.

However, SBI rose by 3.09 per cent followed by Tata Steel 1.86 per cent and Sun Pharma 1.08 per cent.

While, Foreign investors bought shares worth Rs 403.76 crore during previous trading session, as per provisional data released by the stock exchanges.

In overseas markets, Asian stocks edged lower in early trade. Key indices in China, Hong Kong, Taiwan,Singapore and South Korea were off 0.12 per cent to 0.93 per cent.

In Japan, the Nikkei 225 was up 0.19 per cent.

Sanitary napkin exempted from GST

New Delhi : Delhi Deputy Chief Minister Manish Sisodia on Saturday said sanitary napkin has been exempted from the Goods and Services Tax (GST).Speaki...

IMG Group comes up with reality based web series "SURVIVORSS"

New Delhi : IMG Group, who has always recognized new and fresh talent and gifted the industry with amazing actors and models, is coming up with a new ...

Enerparc India commissions rooftop solar project for Bharat Fritz Werner

Bengaluru : Enerparc India, a subsidiary of global solar solution provider Enerparc AG is glad to announce the commissioning of 980 kWp solar project ...

Select CITYWALK adds Japanese luxury brand Onitsuka Tiger to its growing portfolio

New Delhi : Introducing the Japanese Luxury Footwear Brand, Onitsuka Tiger, Select CITYWALK, the most popular shopping Centre in Delhi NCR, becomes ga...