Stock Market

Sensex, Nifty continue to skid; Bharti, Dr Reddy’s fall 2%


Chillicious Team

The market continues to skid as the Sensex is down 97.17 points or 0.4 percent at 25188.20. The Nifty is down 27.80 points or 0.4 percent at 7676.45. About 1217 shares have advanced, 1122 shares declined, and 172 shares are unchanged.

BHEL, M&M, Lupin, Maruti Suzuki and Sun Pharma are top gainers while Bharti Airtel, Dr Reddy’s, ITC, HUL and Adani Ports are losers in the Sensex.

The rupee was quoted steady against the American currency in the late morning trade at 66.54 on fresh selling of dollars by banks and exporters on hopes of more foreign capital inflows.

The dollar climbed yesterday, paring its weekly decline last week. The American unit steadily strengthened against its main rivals during Monday’s session after two regional Fed presidents said they would support the Federal Reserve raising interest rates at its April meeting.

Foreign funds (FPP and FIIs) continued their buying spree yesterday as they bought shares worth Rs 1,396.33 crores as per the stock exchanges.