Key benchmark indices slipped in the early morning trade on Thursday due to market movements seemed to have turned negative ahead of India’s GDP growth data which is due today later evening. The stocks of State Bank of India, Kotak Mahindra Bank, Axis Bank, Reliance Industries, Bharti Airtel traded in the red in early trade.
At 10.35 am, the BSE Sensex traded lower by 252.09 points at 33,350.67, while the NSE Nifty 50 fell 76.50 points to 10,284.80.
Jewellery stocks such as Tara Jewels fell 8.3%, Gitanjali Gems fell 2.4%, PC Jeweller declined 1.8%, among others; while stocks of Healthcare Global rose 5 percent.
Shares of Bajaj Auto and Dr Reddy’s Laboratories were the major gainers on Sensex, rising up over 1 percent while State Bank of India, Axis Bank, Kotak Mahindra Bank, Reliance (RIL) Adani Ports, lost up to 1.7 percent.
Most of the Asian shares also sunk in the early morning session today after the US technology barometer index lost nearly 1 percent on Wednesday.
The rupee goes down 24 paise at 64.55 versus the US dollar in the morning ahead of the Sept quarter GDP data.