Market drops in early trade
Key benchmark indices are trading lower in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 228.47 points or 0.47% at 48,806.20. The Nifty 50 index was down 70.15 points or 0.49% at 14,363.55. The S&P BSE Mid-Cap index was down 1.49%. The S&P BSE Small-Cap index was down 0.89%. The market breadth, indicating the overall health of the market, is weak. On the BSE, 825 shares rose and 1315 shares fell. A total of 109 shares were unchanged. Stocks in news: HDFC Bank rose 1.17%. HDFC Bank reported 18.1% rise in net profit to Rs 8,7...