(Picture: Kamlesh Pednekar)
The Indian markets slid 50 % a for every cent on Wednesday, weighed down by metals and pharma stocks.
Tbe S&P BSE Sensex dipped 170 factors to 38,240 concentrations and the Nifty50 index hovered underneath the eleven,three hundred-mark. Bajaj Finance (down two%), Bajaj Finserv and Axis Financial institution (down one%) were the leading Sensex laggards. Aside from, heavyweights HDFC Financial institution and Reliance Industries also slipped extra than one for every cent just about every in early bargains.
The trend among the NIfty sectoral indices was mixed, led by losses in Nifty Metal index, down one.5 for every cent. On the other hand, the Nifty PSU Financial institution index rose about 3 for every cent.
A full of 137 businesses, such as Aurobindo Pharma, Ashok Leyland, and Tata Electric power are scheduled to announce their June quarter final results nowadays.