Sensex, Nifty hit intraday low

Market Update

Equity benchmarks continued to slide in the afternoon session with Sensex plunging 400 points, at 37,997 levels, and nifty plummeting 132 points at 11,456 levels.

Almost all indices on NSE were trading in the red, except IT, which is supported by rupee's sharp depreciation. Nifty PSU Bank, pharma, FMCG, and realty dragged markets, by declining nearly 2%. 

Nifty bank, auto, metal, media and Pvt bank were also trading ~1% down.

Axis Bank, HCL Tech, Infosys, and Cipla were the top gainers, while Bajaj Finserv, Sun Pharma, Bajaj Finance, Vedanta and Indiabulls have lost the most.

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