Market Live: Nifty below 11,300, Sensex falls 150 points; metal, auto under pressure

All the sectoral indices are trading lower led by auto, metal, energy, pharma, IT, infra and FMCG.

Rupee recovers: After a weak start the Indian rupee has recovered from the low, but trading marginally lower at 68.98 per dollar against previous close 68.94.

HDFC Life hits fresh 52-week high: Shares of HDFC Life Insurance Company rallied nearly 5 percent intraday to hit a fresh 52-week high of 532.90 on July 24. Global brokerage houses raised price target sharply after stellar earnings performance in Q1.

Buzzing: Shares of JK Paper rose 2 percent on July 24 after the company reported consolidated Q1 net profit jumped to Rs 127.11 crore versus Rs 95.19 crore, while revenue fell to Rs 713.06 crore versus Rs 795.01 crore, YoY.

Market Update: After a flat start, benchmark indices are trading lower with Nifty below 11,300 dragged by selling in metal and auto stocks.

At 09:37 hrs IST, the Sensex is down 94.84 points or 0.25% at 37887.90, and the Nifty down 44.70 points or 0.39% at 11286.30. About 540 shares have advanced, 719 shares declined, and 47 shares are unchanged

Market opens: Benchmark indices are trading flat with positive bias in the early trade on July 24 with Nifty around 11,350.

At 09:17 hrs IST, the Sensex is up 75.48 points or 0.20% at 38058.22, and the Nifty up 18.80 points or 0.17% at 11349.80.

Torrent Pharma, Zee Entertainment, L&T, HUL, Yes Bank, UPL, ONGC, Bajaj Finserv, Coal India, Tata Steel are some of the major gainers on the indices in the early trade, while losers are Maruti Suzuki, Cipla, BPCL, ICICI Bank, Dr Reedy's Lab and M&M Financial. 

Among the sectors, metal, FMCG and infra are witnessing buying, while IT stocks are under pressure.

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