Sensex, Nifty lacklustre; these stocks crack over 6%

Shares of JP Associates (down 6.44 per cent), Granules India (down 6.16 per cent) and Unitech (down 6.15 per cent) cracked over 6 per cent on NSE in Wednesday’s session.

Stocks such as Reliance Home Finance (down 5.15 per cent), MSP Steel (down 5.08 per cent), Genus Pwr Infra (down 5 per cent), SORIL Infra Resources (down 5 per cent), Action Construction Equipment (down 4.98 per cent) and HIL (down 4.74 per cent) declined up to 5 per cent.
Weak Asian cues, wobbly crude oil price and rupee’s fresh fall weighed on domestic market sentiment.

Caution crept in ahead of index of industrial production (IIP) for July and inflation data for August, scheduled later today.

The NSE Nifty index was trading 16 points down at 11,271, while the BSE Sensex was down 28 points down at 37,385 at 10:10 am.

PowerGrid, Grasim Industries, ONGC, Adani Ports and Hindustan Unilever were among the top Nifty gainers.

HPCL, Titan Company, Indian Oil Corporation, Axis Bank and Tata Motors were among the top losers in the Nifty pack of stocks