MARKETS: Indices off lows, Sensex down 200 pts; HDFC twins drag, RIL up 1%


updates: The Indian benchmark indices continued their weak run and fell half a per cent in Thursday’s early deals, ahead of the monthly derivative contracts expiry later in the day, although index-heavyweight Reliance Industries helped cap the losses.
 


Among the headline indices, the S&P was trading 300 points down at 47,080 levels. The index fell to as low as 46,821 in intra-day deals. The broader Nifty50 index, meanwhile, slipped below 13,900. The HDFC twins fell 2 per cent, each, and were the top drags. Besides, Sun Pharma, HCL Tech, and PowerGrid were also down 2 per cent, each. On the other hand, RIL was up 1 per cent.

The Nifty sectoral indices were trading weak, with the Nifty PSU Bank index, down 2 per cent, faring the worst.

In the broader markets, the S&P MidCap and SmallCap indices fell 0.6 per cent and 0.8 per cent, respectively.


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