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Midday report: Sensex falls 124 points, Nifty down 11 points
- The Sensex was trading at 61,670.58 down by 124.46 points or 0.20%
- The Nifty was trading at 18,338.55 down by 11.15 points or 0.06%
- Asian markets were trading lower on Monday
Indian equity benchmarks were trading lower on Monday’s afternoon session, following negative cues from falling Asian markets. Dollar and bond yields also rose after a US Federal Reserve official said that the fight against inflation wasn’t over yet, indicating the interest rate hikes will continue their streak as it is.
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The Sensex was trading at 61,670.58 down by 124.46 points or 0.20% after trading in a high-low range of 61,916.24 and 61,614.46. On the index, 13 stocks were advancing and only 17 were declining.
The broader indices were trading mixed with the BSE Midcap index down by 0.02% and the Small-cap index up by 0.25%.
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The top losing sectoral indices on the BSE were FMCG down 0.69%, Power 0.69%, Capital Goods 0.63%, Utilities 0.59%, and Telecommunication 0.47%. While Metal up by 1.48%, Commodities 0.97%, IT 0.96%, Realty 0.74%, and Services 0.56% were the top gaining sectoral index on the BSE.
The top losers on the Sensex were Dr. Reddy’s Lab down by 3.99%, ITC 1.82%, ICICI Bank 1.49%, Hindustan Unilever 1.25%, and Bharti Airtel 0.94%. On the flip side, Tata Steel up by 1.58%, Kotak Mahindra Bank 1.24%, Tech Mahindra 1.12%, Infosys 1.02%, and Power Grid Corp 0.86% were the top gainers on the index.
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The Nifty was trading at 18,338.55 down by 11.15 points or 0.06% after trading in a high-low range of 18,399.45 and 18,327.20. On the index, 27 stocks were advancing, against 23 stocks declining.
The top losers on Nifty were Dr. Reddy’s Lab down 3.95%, Coal India 2.23%, ITC 1.87%, ICICI Bank 1.47 and Hindustan Unilever 1.27%. While Hindalco up 4.91%, Tata Motors 3.00%, Apollo Hospital Enterprises 2.59%, Grasim Industries 1.95%, and Tata Steel 1.53% were the top gainers on the index.
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Asian markets were trading mostly lower with the Nikkei 225 declining 1.06%, Shanghai Composite falling 0.17%, KOSPI Composite losing 0.34%, and Hang Seng rising 1.53%.
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