Sensex down 260 pts, Nifty below 25,820; India’s flash PMI falls to 59.9 in Oct

Indian benchmark indices were trading with a negative bias on Friday, amid reports of the US considering fresh probe against China in their 2020 trade deal. Besides, a rise in oil price amid the US’ sanctions against Russia dented sentiment.

At 11 AM, the BSE Sensex was at 84,301, down 254 points or 0.30 per cent from its previous close, while the NSE Nifty 50 was trading with a loss of 73 points or 0.28 per cent at 25,817 levels.

Hindustan Unilever, Kotak Bank, Axis Bank, Titan, Power Grid, ITC, Adani Ports, NTPC, Tech M, Eternal, Maruti Suzuki, and Axis Bank were the top Sensex losers today, down up to 3.5 per cent.

On the upside, ICICI Bank, Tata Steel, BEL, M&M, Bharti Airtel, HDFC Bank, and SBI were the top gainers.

Among the broader markets, the Nifty Midcap 100 was trading marginally higher by 0.04 per cent, while the Nifty Smallcap 100 index was down 0.11 per cent.

Among sectors, the Nifty Metal index marched ahead with 1 per cent gains, followed by the Nifty Realty and the Nifty Financial Services indices (up 0.1 per cent each). The Nifty FMCG index, meanwhile, was the top laggard, down 1.4 per cent.

Q2 results today
Dr Reddy’s Laboratories, SBI Cards & Payment Services, SBI Life Insurance Company, Coforge, ITC Hotels, Supreme Petrochem, Brigade Hotel Ventures, Sigachi Industries, Jinkushal Industries, NDL Ventures, and eClerx Services will release their quarterly earnings today.