Stock Market News

Sensex falls 100 pts, Nifty holds 8100; Laurus Labs surges 14%

Benchmark indices continued to trade lower in morning with the Sensex losing around 100 points, dragged by index heavyweights HDFC, Infosys, and HDFC Bank.
The 30-share BSE Sensex was down 90.19 points at 26399.37 and the 50-share NSE Nifty fell 22.55 points to 8116.90.
Shares of Laurus Labs, the Hyderabad-based healthcare company, started off day with premium of 14.5 percent at Rs 489.90 against issue price of Rs 428 on the National Stock Exchange. The stock touched a high of Rs 498 (up 16.35 percent over issue price) and low of Rs 475 (up 11 percent) in early trade.
HDFC and Infosys were leading contributors to Sensex’s fall, down 0.8 percent each. Tata Motors, Asian Paints, Sun Pharma and Adani Ports declined over a percent.
GAIL was the biggest gainer, up nearly 3 percent followed by ICICI Bank, Reliance Industries, ITC and Lupin.

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Sensex, Nifty, Midcap sluggish; Brent crude, gold prices rise Nifty still struggles below 8150; Axis Bank falls, Europe mixed
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