Indian stocks scales exceeding lower through the first afternoon hours of session on Friday, dragged by auto, realty stocks. And PSU banks.
At around 2pm the Sensex was trading 519 points lower at 38,378 while the Nifty was at 11,427.65, down 169 points.
Bajaj Finance, Eicher Motors, M&M, IndusInd Bank and Bajaj Finserv, were the top losers at this time while NTPC, TCS, Coal India, Titan and ONGC led the gains.
Among top stocks, Cyient slipped over 13% to Rs 472, hitting its one-year low, after the Company reported a fall in the revenue for the first quarter of FY20.
Shares of ACC Cement trade higher by 1.27% at Rs.1587 per share after the company posted a 38.61% jump in consolidated net profit at Rs455.68Crore for the Q1-June-quarter.
Shares of Maruti hit 2-year low on the NSE, down 2.73% to Rs.5721-per share
Among the stocks that hit their one year low(52-week-low) on the NSE were Bajaj Consumer Care, Coffee Day Enterprises, Bosch, Aurobindo Pharma, Central Bank of India, Eicher Motors, Excel Industries, GAIL, HEG, PC Jeweller, Hindustan Zinc, Jubilant Industries, Maruti Suzuki India, NOCIL and Cyient.