Nifty hovers around 8400, Sensex wobbles; HDFC, Tata Motors fall :11-Nov-2016

3d green arrow up in business graph

The marker is reeling under pressure as the Nifty struggles to hold 8400. The 50-share index is down 124.20 points or 1.5 percent at 8401.55. About 362 shares have advanced, 1560 shares declined, and 72 shares are unchanged.

Sun Pharma and SBI are top gainers while Asian Paints, HDFC, Tata Motors, Hero MotoCorp and GAIL are losers.

To check excessive volatility, stock exchange BSE revised the circuit limit for share movement of as many as seven companies.

The new limits, effective today, will ensure stock prices do not go up or down beyond a level during a session.

In a circular, the exchange said it has set a circuit limit of 10 percent for Ambition Mica, Welplace Portfolio and Financial Consultancy Services and Hindustan Adhesives. The exchange has also fixed a limit of 5 percent for Trilogic Digital Media, Milkfood, Mewar Hi-Tech Engineering and Eastern Silk Industries.

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