Lupin, ITC, Sun Pharma, HUL and Dr Reddy's Labs are still top gainers while Vedanta, Infosys, Tata Steel, BHEL and GAIL are among laggards in the Sensex.
The market is losing further as metals, IT, banks, infra and auto stocks are under heavy selling pressure. The Sensex is down 165.65 points or 0.6 percent at 27765.99 and the Nifty is down 70.30 points or 0.8 percent at 8424.85. About 791 shares have advanced, 1795 shares declined, and 103 shares are unchanged. Lupin, ITC, Sun Pharma, HUL and Dr Reddy's Labs are still top gainers while Vedanta, Infosys, Tata Steel, BHEL and GAIL are among laggards in the Sensex. Gold rose to its highest in nearly five weeks on Thursday after minutes from the Federal Reserve's policy meeting last month signalled that a hike in US interest rates in September may be unlikely. Fed officials worried that lagging US inflation and a weak global economy posed too big a risk to commit to a "lift off" on rates, buoying gold that had been out of favour amid an imminent tightening in US monetary policy. The precious metal is on track for a second weekly gain after ending its longest retreat since 1999, having benefited last week from uncertainty posed by China's surprise devaluation of its currency.
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