Stock Market Updates: Sensex slips into red; SBI in focus

Benchmark indices were trading lower in the afternoon trade today. At 2.45 PM, Sensex was down -296.25 points to 59,732.81 and Nifty was at 17,877.90, down 11 points.

L&T was the top gainer in the Sensex pack, advancing over 4 per cent, followed by Tech Mahindra, UltraTech Cement, Tata Steel, HCL Tech and Infosys.

Out of 30 shares, 17 were trading in the red.

Shares of State Bank of India (SBI) hit a record high ahead of the public sector lender's Q2 earnings today. SBI stock reached an all-time high of Rs 528.25 in early trade against the previous close of Rs 521.70 on the BSE. The stock opened higher at Rs 524.90.

Foreign institutional investors (FIIs) bought shares worth Rs 244 crore on November 2, and domestic institutional investors (DIIs) sold shares worth Rs 6 crore, as per provisional data available on NSE.