State Bank of India, ICICI Bank, Axis Bank and HDFC Bank are the biggest contributor to the losses of major indices. FMCG index is the only gainer among the sectoral indices on NSE. Godrej Consumer Products Limited is the top gainer trading higher by 1.42% at Rs 970.35 per share. United Spirits Limited, GlaxoSmithKline Consumer Healthcare Limited, ITC and Jubilant Foods are the top gaining stocks in FMCG index.
Though the major indices in the market are trading in negative territory, FMCG stocks have been outperforming the markets on Tuesday.
The advance declines ratio stood at 332:1318 at NSE with bears dominating the market.
At 3 PM, the S&P BSE Sensex is trading at 30851 down 286 points, while NSE Nifty is trading at 9480 down 94 points. Sensex has slipped below 31000 for the first time since May 29, 2017. A total of 17 stocks registered a fresh 52-wee 60 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 1.11% at 14421, while BSE Small-cap Index is trading down 1.64% at 15130.
Some buying activity is seen in FMCG, Consumer Durables, Healthcare and Telecom while Oil & Gas, Energy, Finance, are showing weakness on BSE.
GAIL, Bharti Airtel, ITC, IOC and Bharti Infratel are among the gainers, whereas BPCL, Bank of Baroda, Zee Entertainment, Indiabulls Housing Finance and State Bank of India are losing sheen on NSE.
The INDIA VIX is up 9.71% at 12.68.
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