Mumbai: 3:40 pm Index gainer: BSE Healthcare index (up 1.8 percent) is the major gainer.
3:30 pm Market update: The market closes in red territory. The Sensex ends the day at 19552.49 down 57.99 points while the Nifty slips 16.85 points to close at 5922.45 (provisional). Tata Motors (down 2.34 per cent) and SBI (down 2.11 per cent) are the top losers in the Sensex. Dr Reddy's Labs, Cipla , Wipro, L&T and M&M are key gainers.
3:15 pm RBI norms: RBI has tightened norms for gold import by nominated agencies. The central bank has said that all letters of credit for gold import will be made only against 100 percent cash. "All gold imports must be on 'docu against payment' basis," it adds. Most of the jewellery stocks are falling with Titan Industries down 2.2 per cent, Tara Jewels down 1.2 per cent, Vaibhav Global down 1.6 per cent, Shree Ganesh Jewellery House down 1.5 percent.
The market is still under pressure in the last hour of trading pulled down by financials stocks. The Sensex has slipped down 73.63 points to 19536.85, and the Nifty is down 23.05 to 5916.25. About 1046 shares have advanced, 1175 shares declined, and 177 shares are unchanged.
Financial stocks are growing weak with SBI losing 1.9 percent, HDFC down 1.4 per cent. Other major losers in the Sensex include Tata Motors, Jindal Steel and Maruti Suzuki.
Pharma stocks are still on buyers' radar. Dr Reddy's Lab and Cipla are top Sensex gainers.
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