D-Street Buzz: PSU banks gain led by Union Bank, PNB; Zee Entertainment falls 5%

The breadth of the market favoured the declines with 805 stocks advancing and 841 declining while 412 remained unchanged. On the BSE, 1161 stocks advanced, 1120 declined and 150 remained unchanged.


The Indian benchmark indices continues trading in the red in this Tuesday afternoon session with the Nifty50 down 40 points, trading at 10,848 while the Sensex shed 126 points and is trading at 36,143.

Nifty Media was the underperforming sector, down 2.5 percent dragged by Zee Entertainment which shed 5 percent followed by DB Corp, Jagran Prakashan, UFO Moviez, Dish TV and PVR.

IT stocks were also down with loses from Infosys and Mindtree which shed 2 percent each followed by Tech Mahindra, Tata Elxsi and Wipro.

From the banking space, the top losers were HDFC Bank, IndusInd Bank, Federal Bank, RBL Bank and YES Bank while the top gainers were IDFC Bank, Punjab National Bank and Bank of Baroda.

The top gainer from NSE include Mahindra & Mahindra, Sun Pharma, GAIL India, Larsen & Toubro and JSW Steel while the top losers included Zee Entertainment, Infosys, UPL, Tech Mahindra and YES Bank.

The most active stocks were BEML, Sun Pharma, Reliance Industries, YES Bank and Infosys.

GlaxoSmithKline Consumer Healthcare Limited and Proseed India Limited have hit new 52-week high on NSE in this afternoon session.

27 stocks have hit new 52-week low including names like Compuage Infocom, Excel Realty, GTL Infrastructure, Nagarjuna Oil Refinery, Raj Rayon Industries, Shilpi Cable Technologies and SRS among others.

The breadth of the market favoured the declines with 805 stocks advancing and 841 declining while 412 remained unchanged. On the BSE, 1161 stocks advanced, 1120 declined and 150 remained unchanged.

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