Weak overseas cues forced traders to remain sellers on blue chips: Bears tightened grip on broader markets
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Bears tightened their grip on the broader markets and the benchmarks on Thursday as weak cues from overseas forced traders to remain sellers on blue chips. Realty, Banking and infrastructure The
Sun Pharma was the most active stock on the NSE with 710 crore rupees worth of shares changing hands. Lupin, Yes Bank and Axis Bank were in heavy demand as well on the exchange.
The bears were in control of the broader market. Major indices such as CNX 100, CNX 200, CNX 500, CNX Junior Nifty and CNX Mid Cap and CNX Small Cap Indexes closed with losses of 1.2-2.9 percent on Thursday.
The sectorial space was awash with red. The
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On the
Axis Bank was the top traded counter with 69 crore rupees worth of shares changing hands on the BSE. Axis Bank is precariously perched at the 200-day moving average.
The wider market saw one of the worst Advance-Decline numbers in recent trade: Today, 2,071 stocks lost ground compared with just 756 that rose over their Wednesday's close.
The Bears were in total control of the futures and options space. The
Amtek Auto, Delta Corp, Om Metals, Thermax and 8K Miles figured on the NSE's top volume buzzers list and Chennai Petroleum, Auro Pharma, Abbott Labs and Kwality Ltd were the stocks that made fresh highs on the exchange on Thursday.
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(Image credits: Indiatimes)
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