Market Now: These stocks crack over 5% amid subdued market

NEW DELHI: Shares of Nakoda (down 16.67 per cent), Madhucon Projects (down 6.84 per cent), N K Industries (down 5.95 per cent), Lanco Infratech (down 5.88 per cent), MT Educare (down 5.88 per cent), BS (down 5.71 per cent), SE Power (down 5.56 per cent) and Premier (down 5.04 per cent) fell over 5 per cent in Wednesday's trade, reflecting subdued market sentiment.

Sustained selling in pharma, FMCG and IT stocks, triggered by weak Asian cues, weighed on domestic equity markets.

Benchmark indices continued trading in the negative zone, however, the margin of loss narrowed after mild bouts of buying emerged in metal and bank stocks.

Indiabulls Housing Finance (up 2.03 per cent) was leading the Nifty pack, followed by Gail (up 1.87 per cent), YES Bank (up 1.44 per cent) and UltraTech Cement (up 1.32 per cent).

On the contrary, Sun Pharma (down 2.80 per cent) remained the top loser in the index, followed by ITC (down 2.44 per cent), Lupin (down 1.91 per cent) and Axis Bank (down 1.72 per cent).

At the sectoral front on NSE, Nifty Metal index turned green during the afternoon session.

The Nifty Metal index was 0.48 per cent up at 3,595 around 1.40 pm (IST), with shares of JSW Steel (up 2.73 per cent) rising up to 3 per cent.

Nifty FMCG index was the biggest sectoral loser around that time, with Godrej Consumer Products (down 2.59 per cent) as the top loser.

Nifty50 was trading near 9,930-mark, whereas Sensex hovered around 31,700 level.

In the Nifty50 pack, 20 stocks were trading in green, while 31 stocks were in red.

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