Indian market open the day in red with NIFTY is trading -164.495 (-1.81%) points down .Sensex is trading at 30,612.34 with cut of 547.28 points (-1.76%).L & T gain on bagging new order, while Zee entertainment is top loser.
Zee entertainment, Automobile stocks (Maruti, M & M) and Bajaj finance are the top losers in Index nifty losing between 6 to 10 per cent.While Dr Reddy’s and Bharti Airtel is top gainer.
In Sensex most of the counters are trading in the red. Fall in the Sensex is led by Bajaj Finance, M & M and Maruti.
LT stock is trading marginally up as company secure another big contract in recent days.As per data submitted to the exchange, Water and Effluent Treatment Business of L & T Construction has secured three Engineering Procurement Construction (EPC) Water Management orders from the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC).
Most of the asian market are trading slightly lower.