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At 9:22, the Senbad ESB Senbad traded down 82 points to 37,413, Axis Bank (up 2.30 percent) being the best performer and Vedanta (down 1.40 percent). one hundred) the worst.
The Nifty50 index of the National Stock Exchange (NSE) broadly slipped below the crucial level of 11,300 to settle at 11,291, down from 28.40 points or 0, 25%.
The market is already focused on large cap stocks, while we observe a moderate performance by the small and mid cap space. Thus, investors must track medium term stop losses aggressively. Nifty's bullish potential is still open at 11,380 to 11,420 levels, said Mustafa Nadeem, CEO of Epic Research.
Among the specific shares, InterGlobe Aviation shares slid more than 10 percent in opening operations. The company, which operates India's largest airline, IndiGo, has recorded a 97% drop in net profit for the quarter from April to June, due to poor operational performance.
IndiGo's net profit fell to Rs 28 crore from Rs 811.1 crore a year earlier. At 09:29, the stock is trading at 903.40 Rs on BSE, down 10.04 percent.
Idea Cellular dropped 5.38 percent even as the company posted a profit for the quarter ended June 30th. She reported a consolidated net profit of Rs 256.50 crore for the June quarter. The telecom company had posted a net loss of Rs 814.90 core in the corresponding quarter last year. At 09:33, the stock traded at Rs 56.75 on BSE, down 2.91%.
In the sectoral landscape, stocks of metals blew the most while the real estate pack was happy. At 9:34, the Nifty Realty index was trading at 1.64 percent at 272.75.
On the global front, Asian equities fell on Tuesday after technological warring parties pulled back into US equities and more signs of economic growth. The yen was flat as traders waited for the outcome of the Bank of Japan's policy meeting, Bloomberg reported.
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