Afternoon Session: Market turns negative, Nifty50 below 11,900; broader indices plunge
Indian equity benchmark indices turned negative on Tuesday after the broader indices plunged over 160 points each. Pharma and media stocks falter the most, falling nearly 2 percent.
The Nifty Midcap 100 index was down 165 points or 0.98 percent at 16,699.65, while the Nifty Smallcap 100 index was trading 54 points or 0.93 percent lower at 5,743.80.
At 1:08 pm, the 30-share BSE Sensex was trading 157.09 points or 0.40 percent lower at 40,142.52, while the Nifty50 index was trading 51.15 points or 0.43 percent at 11,890.15.
Yes Bank, UPL, Bharti Infratel, Bajaj Finance and SBI were the Nifty50 top gainers in the afternoon session, while Zee Entertainment, Sun Pharma, Grasim, Infosys and UltraTech Cement remained the top laggards.
The Nifty PSU Bank index was the only one trading in the gre ...