By 10:30 am, the benchmark S&P Sensex was at 27,829 levels down 254 points while Nifty50 index fell 79 points to trade at 8,630 levels. Among broader markets, BSE Midcap and Smallcap indices are down 0.7%-0.8%.
Top losers from the Sensex pack are ICICI Bank, HDFC, Adani Ports, Tata Motors, Sun Pharma and TCS. TCS has dropped almost 2% ahead of its September quarter result today.
Sun Pharmaceutical Industries is recalling 31,762 bottles of bupropion hydrochloride extended-release tablets in America, used for treatment of major depressive disorder, due to ‘failed dissolution specifications’. The stock is down nearly 2%.
Among other shares, Gruh Finance hit a record high of Rs 370, up 4% on the BSE in intra-day trade, after the housing finance company has reported 20% year on year (YoY) rise in net profit at Rs 61.98 crore for the second quarter ended September 30, 2016 (Q2FY17).
Sunil Hitech Engineers has surged 11% to Rs 419, also its 52-week high on the BSE, in an otherwise weak market after its board approved issue of bonus shares in the ratio of 1:1.