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Sensex dips 200 pts, Nifty below 11,100

Tuesday,   13-Aug-2019   09:56 AM (IST)

Benchmark indices are trading lower in Tuesday's morning early session, amid weak global cues. The S&P BSE Sensex dipped 110 points, or 0.3 per cent, to 37,472. NTPC, Bharti Airtel, Mahindra & Mahindra, Powergrid, and HDFC Bank were the top laggards in the Sensex pack. On the other hand, Reliance Industries zoomed as much as 8 per cent on the BSE after the company, at its annual general meeting (AGM) on Monday, announced that Saudi Aramco has signed a letter of intent for a proposed investment in RIL’s oil-to-chemical division. The deal is likely to fetch RIL $15 billion for a 20 per cent stake. The broader Nifty50 index slumped 56 points, or 0.5 per cent, to 11,054. All the Nifty sectoral indices were trading in the red. Nifty Auto, Nifty IT, and Nifty Pharma indexes were all down 1.4 per cent.