Market continues to trade weak due to global cues; oil marketing firms slip
Updated : May 23, 2018 12:14 PM IST
The market is continuing to trade in the red due to weak global cues with the BSE Sensex trading at 34,586 points and the NSE Nifty trading at 10,496 points, breaching its 10,500-mark.
The oil marketing companies - HPCL and BPCL - are contributing more than a 6% loss to the Sensex as the rising fuel and unstable oil prices remain a concern to the investors.
SBI, Cipla and Tata Motors are the major gainers in trade today. SBI is gaining in trade even though the bank posted a net loss, it claims to be on a recovery path.