Domestic stock markets were choppy ahead of derivatives expiry, amid marginal decline in afternoon trade. At 1:00 pm, the BSE Sensex is trading at 59,284.50, down 126 points or 0.21 per cent, and the NSE Nifty is down 52 points or 0.29 per cent at 17,658.50. The broader indices outperformed their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining 0.4 per cent and 0.6 per cent, respectively.
The rupee on Thursday fell 22 paise to 74.36 against the US dollar amid a bearish trend in the domestic stock markets. At the interbank foreign exchange, the rupee opened on a weak note at 74.28 and then fell further at 74.36.
Financial and pharma stocks are trading strongly on Thursday afternoon. Bajaj Finance and Bajaj Finserv have gained 2 per cent and 1.4 per cent respectively in the gainers list on BSE. In the pharma sector, Sun Pharma and Dr Reddy’s have gained about one per cent each on the BSE.
On the other hand, Asian Paints, PowerGrid and Bajaj Auto are trading with a fall of about one per cent each on the BSE.
Shares of Coal India in the news rose over 1 per cent to touch a high of Rs 191 on the BSE a day after the state-owned company announced plans to ramp up its supply output to power plants.
The breadth of the BSE market is weak. Of the 3,325 stocks traded on the BSE, 1,829 are advance shares as against 1,325 declines.