In the late morning session, Indian stock benchmarks continued weaker, with both the Sensex and the Nifty trading in the red. The domestic mood was influenced by negative indications from other Asian markets.
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On the global front, Asian markets were trading mostly in red with Nikkei 225 slide 753.55 points or 2.67% to 27,503.70, Taiwan Weighted dropped 146.30 points or 0.8% to 18,232.34, KOSPI fell 25.22 points or 0.88% to 2,839.02, Hang Seng decreased 18.22 points or 0.08% to 24,094.56, Shanghai Composite declined 10.50 points or 0.29% to 3,559.41 and Jakarta Composite lost 4.43 points or 0.07% to 6,609.63. On the flip side, Straits Times advanced 0.64 points or 0.02% to 3,280.68.
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The Sensex is presently trading at 60293.42, down 461.44 points or 0.76% from its low of 60148.77 and high of 60870.17. On the index, there were four stocks that advanced and 26 stocks that declined.
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The broader indices were trading in red with the BSE Midcap index being down by 0.66%, while the Small cap index was down by 0.23%. The top gaining sectoral indices on the BSE were Oil & Gas up by 0.61%, Metal up by 0.49%, PSU up by 0.41%, Energy up by 0.20% and Utilities up by 0.13%, while IT down by 1.48%, TECK down by 1.27%, Realty down by 0.93%, Basic Materials down by 0.58% and FMCG down by 0.55% were the top losing indices on BSE.
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The top gainers on the Sensex were Tata Steel up by 0.65%, Maruti Suzuki up by 0.13%, Dr Reddy’s Lab up by 0.13% and HDFC Bank up by 0.07%. On the flip side, Asian Paints down by 2.78%, Ultratech Cement down by 2.59%, Infosys down by 1.87%, Bajaj Finance down by 1.84% and Wipro down by 1.53% were the top losers.
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The Nifty is presently trading at 17987.05, down 126.00 points or 0.70% after moving between 17941.70 and 18129.20. On the index, there were 14 stocks that advanced and 36 stocks that declined.
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The top gainers on Nifty were ONGC up by 2.96%, Coal India up by 1.71%, Bajaj Auto up by 0.98%, UPL up by 0.91% and Hero MotoCorp up by 0.80%. On the flip side, Asian Paints down by 2.86%, Shree Cement down by 2.62%, Adani Ports & SEZ down by 2.56%, Ultratech Cement down by 2.47% and Tata Consumer Products down by 2.11% were the top losers.