Indian Stock Market LIVE: Nifty, Sensex Extend Decline; Vodafone Idea Share Price Slumps 9%
Good morning, welcome to our live market coverage. The Nifty 50 and Sensex extended losses to a sixth session, with the Nifty 50 index trading down by 0.5% at 11,657.65 and the Sensex down by 0.4% at 39,513.39 as of 12:00 p.m.
Nifty 50 Index: Top Losers and Gainers
Sun Pharmaceutical Industries was the top loser in the Nifty 50 index, down nearly 5% as Trump intends to impose 100% tariff on branded and patented drug imports. Other top losers included ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., and Mahindra & Mahindra.
On the other hand, Larsen & Toubro Ltd., Reliance Industries Ltd., and Tata Motors were the top contributors to the Nifty 50 index.
Vodafone Idea Share Price Slumps 9%
Vodafone Idea share price started to extend losses after the Supreme Court deferred the hearing to Oct 6. The stock was trading 7.37% down at Rs 8.04 apiece as of 11:24 a.m.
The company’s share price has been under pressure due to the uncertainty surrounding the Adjusted Gross Revenue (AGR) dues. The telecom operator has to pay a significant amount of AGR dues to the government, which has put a strain on its financials.
Tata Consultancy Services Ltd. Share Price Declines 1.30%
Tata Consultancy Services Ltd. share price declined 1.30% to Rs 2,919 apiece. The stock has slumped 35% from its 52-week high.
The company’s share price has been under pressure due to the uncertainty surrounding the global economic slowdown and its impact on the IT sector.
Granules India Ltd., Biocon Ltd., and Aurobindo Pharma Trading Volume
Granules India Ltd.’s trading volume was 3.38 times 30-day average volume as of 11:47 a.m. on NSE. Biocon Ltd.’s trading volume was 1.42 times 30-day average volume as of 11:47 a.m. on NSE. Aurobindo Pharma’s trading volume was 1 time 30-day average volume as of 11:47 a.m. on NSE.
Indian Stock Market: What to Expect in the Coming Days
The Indian stock market is expected to remain volatile in the coming days due to the uncertainty surrounding the global economic slowdown and its impact on the domestic economy.
Investors are advised to keep a close eye on the market trends and make informed decisions based on their investment goals and risk appetite.
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