Bearish Market, Top losing Stock Today

Stock Markets started on negative note on Friday morning led by weak global signals. The BSE Sensex is down 201 points to 36,769-level, while the NSE Nifty50  is trading lower  at  11,013-level, down by 56 points at 10.00 am.

Bharti Infratel, PowerGrid, Titan, BPCL and HCL Technologies were among major gainers on Nifty at this time, on the other hand Tata Motors, Indiabulls Housing, JSW Steel, Vedanta and Sun Pharma were main losers.

Tata Motors trade significantly lower over 16% to hit the intraday low at Rs 129 now, after the Auto major reported record quarterly loss of Rs 27,000 crore in its earnings results.

In the sectoral watch, all the group are trading in the red, except Nifty realty which rose by 0.76 percent led by The Phoenix Mills and Oberoi Realty.

The Nifty Auto index is exceedingly lower down 2.64 percent driven by intense selloff in Tata Motors, which after the auto company reported the biggest quarterly loss, as mentioned above.