Stock Market Tips-Nifty around 11,050, Sensex falls 100 pts; Coffee Day plunges 20%

It is a weak start for the market on July 31 with Nifty trading below 11,050.

At 09:18 hrs IST, the Sensex is down 208.10 points at 37,189.14, while Nifty is down 65.60 points at 11,019.80.  About 227 shares have advanced, 614 shares declined, and 21 shares are unchanged. 

Axis Bank, Tech Mahindra, Coffee Day Enterprises, JSW Steel, PNB Housing, Eicher Motors, IOC, Gammon Infra, Suzlon, are among major losers on the indices, while gainers are Gujarat Gas, Dish TV and UPL.

All the sectoral indices are trading in the red led by the metal, bank, pharma, IT, energy, FMCG and Infra.