Mumbai, Sep 26: The benchmark index of Bombay Stock Exchange (BSE) on Wednesday slipped by 109 points to 36,542 ahead of US Federal Reserve's policy outcome due later in the day amid mixed global cues in early trade.
The National Stock Exchange (NSE) fell by 2 points to 11,065. Though, the sensex gained more than 200 points, it immediately went in red. Investors were cautious ahead of the expiry of September derivative contracts Thursday. Over 150 stocks hit 52-week lows on NSE. Finolex Cables, Gujarat Gas, HSIL, Jet Airways (India), Kalpataru Power Transmission, 8K Miles Software Services, Adhunik Metaliks, APL Apollo Tubes, Atlas Cycles (Haryana), Bigbloc Construction, Central Depository Services (India), Capital Trust and Kothari Products also featured among stocks that hit 52-week lows on NSE.
The NSE Nifty fell 6.55 points, or 0.05 per cent, to 11,060.90. The sectoral indices that fell were FMCG, oil and gas and IT stocks while stocks like metal and pharma shares led the gainers' pack.
Shares of Yes Bank surged 4% after the bank’s board on Tuesday decided to seek at least a three-month extension for Rana Kapoor, managing director and chief executive, from RBI beyond January 31, 2019. Punjab National Bank shares rallies over 2% on the fund raising plans. Spicejet stocks climbs 3% on the talks of buying new planes.
In scrips, Wipro, ITC, HUL, ONGC, Kotak Bank, Maruti and Tata Motors were among the top losers, from 1 to 2 per cent. The gainers include Tata Steel, M&M, Axis Bank, Sun Pharma, HDFC Bank, Bharti Airtel and HDFC, rising up to 1.73 per cent. (UNI)