MUMBAI, AUG 3:
The Nifty and the Sensex lost further ground after two hours of trade on fears of a failing monsoon spooking inflation.
At 11.30 am, the Nifty was down 60 points at 5,167 and the Sensex was down 195 points at 17,030.
Dealers said that global cues were also not positive with the European Central Bank not indicating any concrete measures to tackle the Euro Zone's debt crisis.
All the indices on the NSE and the BSE were in the red barring the healthcare index on the BSE and the CNX pharma index on the NSE.
The BSE healthcare index was up 0.55 per cent at 7,273 while the CNX pharma index was up 0.61 per cent at 5,502.
Ranbaxy, Dr Reddy, Cipla, Asian Paints and Ambuja Cements were the top five Nifty gainers.
The volatility index India Vix was up 0.6 per cent at 16.87.
Business Line News
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