Indian stock markets are trading lower on Thursday following the US President's announcement of a 26% tariff on imports from India.
At 9:30 hours, the 30-share benchmark index was trading at 76207.32 down by -410.12 points or by -0.54 % and then NSE Nifty was at 23240.9 down by -91.45 points or by -0.39 %.
Sensex touched intraday high of 76304.62 and intraday low of 75807.55 The NSE Nifty touched intraday high of 23254.65 and intraday low of 23145.8
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 1809.55,+5.56%), NTPC Ltd. (Rs. 356.55,+1.32%), Power Grid Corporation of India Ltd. (Rs. 290.25,+1.24%), Bajaj Finance Ltd. (Rs. 8756.95,+1.03%), UltraTech Cement Ltd. (Rs. 11343.90,+0.79%), among others.
The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 3455.15,-2.53%), Infosys Ltd. (Rs. 1513.15,-2.37%), HCL Technologies Ltd. (Rs. 1492.10,-2.31%), Mahindra & Mahindra Ltd. (Rs. 1393.45,-2.12%), Tata Motors Ltd. (Rs. 661.10,-1.59%), among others.
HCS index was at 42480.72 up by 1357.95 points or by 3.3%. Gland Pharma Ltd. (Rs. 1654.60,+7.78%), Suven Life Sciences Ltd. (Rs. 135.00,+7.23%), Strides Pharma Science Ltd. (Rs. 717.00,+7.07%), Lupin Ltd. (Rs. 2140.00,+6.50%), Aurobindo Pharma Ltd. (Rs. 1230.65,+6.21%),.
IT index was at 34726.93 down by -915.23 points or by -2.57%. Persistent Systems Ltd. (Rs. 4945.80,-6.95%), KPIT Technologies Ltd. (Rs. 1248.70,-4.86%), Cigniti Technologies Ltd. (Rs. 1344.00,-4.77%), Coforge Ltd. (Rs. 7410.10,-4.51%), MphasiS Ltd. (Rs. 2401.80,-2.93%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3175 , shares advanced were 1912 while 1110 shares declined and 153 were unchanged.