MARKET LIVE: Sensex down 300 points, Nifty near 17,700; RIL, Infosys weigh – Business Standard

Infosys, HCL Tech, Wipro, HUL, Kotak Bank, HDFC twins, Reliance, Axis Bank and M&M were the top laggards on the Sensex, while SBI Life was the top Nifty loser.

On the flip side, NTPC, PowerGrid, Ultratech Cement, Sun Pharma, SBI, Tata Motors, JSW Steel, BPCL and Cipla were the top gainers across the bourses. 

The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.6 per cent higher. 

Nifty IT, down 1 per cent led losses among sectoral indices. Nifty Bank, Financials, Auto and FMCG were the other losers. Meanwhile, Nifty Metals, Pharma, PSBs, and Oil & Gas indices were firm gainers. 

Among stocks, Ruchi Soya rose over 7 per cent after its board approved evaluating modes to enhance synergies with Patanjali Ayurved Ltd’s food portfolio on an arm’s length basis. Further, the board gave its nod to change the company’s name to Patanjali Foods Ltd. 

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