Stock market update: Fortis Health down post Q4 numbers

NEW DELHI: Shares of Fortis Healthcare were trading at Rs 133.85, down 0.48 per cent around 11 am in Wednesday's trade after the company reported its consolidated net loss to Rs 914.32 crore for the March quarter.

For the fiscal year 2017-18, the company posted a net loss of Rs 934.42 crore. It was Rs 479.29 crore for the previous fiscal year.

Shares of the company were trading on a volatile note. The scrip opened at Rs 130.30 and rose nearly 3 per cent to touch 138-mark.


Market sentiment was cautious in the backdrop of weak global cues, hit by lingering worries of a trade war between the US and world's other economies.

Investors were restricting their bets ahead of the expiry of June series of future and option contracts.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

In the Sensex kitty, 13 stocks were advancing, while 18 were declining in trade.