Market Update – Sensex down 280 pts, Nifty below 25100

The Sensex was down 285.34 points or 0.35% at 82,215.13, and the Nifty was down 76.55 points or 0.30% at 25,073.30. About 1753 shares advanced, 1695 shares declined, and 165 shares unchanged.

Stocks in the News

• Varun Beverages traded at Rs 456.75, up 1% has touched an intraday high of Rs 458.65 and an intraday low of Rs 450.05.
• Glenmark has received a warning letter from the USFDA for its Indore plant, but it believes the warning letter will impact supplies or revenues.
• RITES has bagged an order worth Rs 46.82 crore in Karnataka 

Bullion Trends

Gold prices were subject to moderate fluctuations last week, moving at $3,300-3,350, thus remaining rangebound. The influence of the same is majorly due to a strong US Dollar which kept the markets in mild pressure.