Free Nifty Tips - The S&P BSE Sensex slipped 100 points on Wednesday following muted trend seen in other Asian markets and further slump in crude oil prices.
The Nifty50 slipped broke below its crucial psychological support level of 7,700. The broader market underperformed the benchmark indices with the BSE midcap and smallcap indices shedding 0.58 and 0.75 per cent, respectively. Among the sectoral indices, the BSE Telecom index was the top laggard, down 1.73 per cent.
Shares of Dr Reddy's slipped over 4 per cent in early trade after the company submitted its reply to the US drug regulator. Amtek Auto continued its rally from Tuesday gaining 3 per cent. BHEL gained 2 per cent, to become the top gainer on BSE Sensex.
Equity benchmarks continued to see selling pressure. The Sensex declined 92.42 points to 25217.91 and the Nifty fell 32.15 points to 7669.55. About 420 shares have advanced, 1790 shares declined, and 114 shares are unchanged on
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