Home > Business > Midday report: Sensex falls 616 points, Nifty down 187 points
opoyicentral
Opoyi Business

2 years ago .

Midday report: Sensex falls 616 points, Nifty down 187 points

  • Sensex is trading at 57,734.12, down by 616.41 points or 1.06%
  • Nifty is trading at 17,200.35, down by 187.80 points or 1.08%
  • Asian markets were trading mostly in green on Thursday

Written by:Devanshu
Published: August 04, 2022 07:00:30

Indian equity benchmarks witnessed sharp fall in late
morning session, with both Sensex Nifty trading over a percent lower, despite
positive trends in the other Asian markets. Heavy selling at realty and telecom
counters hit the markets.

The Sensex is trading at 57,734.12, down by 616.41 points
or 1.06% after trading in a range of 57,577.05 and 58,712.66. On the index, 4
stocks advanced and 26 stocks declined.

Also Read | Zilingo’s COO resigns as company flounders

The broader indices were trading in red with the BSE Mid
cap index down by 1.10%, while Small cap index was down by 0.87%. The only gaining
sectoral indices on the BSE were Metal up by 0.39% and Healthcare up by 0.08%,
while Realty down by 2.41%, Telecom down by 2.35%, PSU down by 1.82%, Bankex
down by 1.70% and Utilities down by 1.64% were the top losing indices on BSE.

Also Read | Apple delays iPadOS 16 launch to October

The top gainers on the Sensex were Nestle up by 1.28%,
Infosys up by 0.87%, Sun Pharma up by 0.12% and Dr. Reddy’s Lab up by 0.12%. On
the flip side, NTPC down by 3.00%, SBI down by 2.69%, Reliance Industries down
by 2.36%, Axis Bank down by 2.18% and Kotak Mahindra Bank down by 1.75% were
the top losers.

Also Read | Why is Walmart laying off 200 workers?

The Nifty is trading at 17,200.35, down by 187.80 points or
1.08% after trading in a range of 17,161.25 and 17,490.70.  On the index, 8 stocks advanced and 42 stocks
declined.

The top gainers on Nifty were Hindalco up by 1.85%, JSW
Steel up by 1.47%, Nestle up by 1.42%, Cipla up by 1.27% and Infosys up by
0.84%. On the flip side, Tata Consumer Products down by 3.70%, NTPC down by
2.88%, SBI down by 2.69%, Coal India down by 2.59% and Reliance Industries down
by 2.46% were the top losers.

Also Read | Explained: Impact of RBI’s repo rate hike on deposits, loans

Asian markets were trading mostly in green with Nikkei 225 surging
179.72 points or 0.65% to 27,921.62, Hang Seng increased 324.82 points or 1.64%
to 20,091.91, Jakarta Composite soared 20.33 points or 0.29% to 7,066.97, KOSPI
rose 12.48 points or 0.51% to 2,473.93, Shanghai Composite gained 4.72 points
or 0.15% to 3,168.39 and Straits Times advanced 12.13 points or 0.37% to
3,264.19. On the flip side, Taiwan Weighted dropped 74.82 points or 0.51% to
14,702.20.

Related Articles

ADVERTISEMENT

© Copyright 2023 Opoyi Private Limited. All rights reserved