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MARKET LIVE: Sensex down 100pts, Nifty50 below 17,950; Pharma stocks sulk.

Stock market live updates: Broader markets, however, inched up as Nifty Midcap 100 and Nifty Small cap 100 surged up to 0.2 per cent.

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Markets opened lower in Thursday’s trade on the BSE amid weak global cues. Frontline indices Nifty50 declined over 30 points to trade below 17,950 levels and the S&P BSE Sensex dropped 100 points at 60,160 levels.
Broader markets, however, inched up as Nifty Midcap 100 and Nifty Small cap 100 surged up to 0.2 per cent.

Bajaj Twins, Power Grid, Bharti Airtel, Ultratech Cement were top contributors to the benchmark indices. Meanwhile, Dr Reddy’s, Sun Pharma, Wipro, Tech Mahindra weighed on the indices.
Sector-wise, Nifty PSU Bank and Nifty Realty were the winners. Nifty Pharma and Nifty Bank, however, were the losers among the pack.

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