Indian Indices continued to trade on a negative note in the post noon trading session. Most sectoral indices are trading on a negative note with stocks from the aluminum and banking sectors leading the losses.
The BSE-Sensex is trading down by 214 points (down 0.8%) and the NSE-Nifty is trading down by 74 points (down 0.9%). The S&P BSE Midcap index and the S&P BSE Smallcap index are also trading in the red, down by 0.1% and 0.8% respectively. Gold prices, per 10 grams, are trading at Rs 26,102 levels. Silver price, per kilogram, is trading at Rs 35,444 levels. Crude oil is trading at Rs 2,947 per barrel. The rupee is trading at 66.47 to the US dollar.
Software stocks are trading on a mixed note with HCL Technologies and Info Edge leading the losses. As per a leading financial daily, Wipro has entered into a partnership with BlackLine Inc, a leader in Enhanced Finance Controls and Automation (EFCA) software. As part of this partnership, Wipro will offer BlackLine's platform of financial software solutions, encompassing Financial Close Management, Intercompany Hub, Reconciliation Management and Controls Assurance delivered as a cloud-based service, to finance and accounting organizations. Further, the company has reported that it will partner with BlackLine in projects and initiatives with the ultimate goal to deliver value to its clients and support them globally. Scrip of Wipro is presently trading down by nearly 1%.
Stocks in the pharmaceutical space are trading mixed with Wockhardt Ltd and Indoco Remedies leading the gains. As per a leading financial daily, Dr. Reddy's Laboratories has entered into a multi-country supply and licensing agreement with PanTheryx Inc., a global medical nutrition company. The agreement grants Dr. Reddy's the exclusive right to market and distribute PanTheryx's breakthrough nutritional intervention, DiaResQ, for infectious diarrhea in India and Nepal. The company is going to market this product under the 'Reliqua' brand. Stock of Dr. Reddy's Laboratories is presently trading down by 1.7% on the BSE.