Stock market midday report: Sensex down 1007 points, Nifty around 15,835
- Sensex is now trading at 53,081.18, down 1007.21 points or 1.86%
- Nifty is presently trading at 15,834.85, down 332.25 points or 2.06%
- Asian markets were trading under pressure
Indian equity benchmarks continued their negative trade
in the afternoon session due to selling pressure in frontline counters. Sensex
and Nifty were seeing heavy losses of around 2% each. The fall of stocks was
led by shares from metal, power and utility counters.
Also Read | Why Apple fell behind Saudi Aramco in the most valuable company race
The Sensex is now trading at 53,081.18, down 1007.21 points
or 1.86% after fluctuating between 52,994.75 and 53,632.55. On the index, 5
stocks advanced while 25 stocks declined.
The broader indexes were trading in negative territory,
with the BSE Midcap index down 2.20% and the Small-cap index down 1.73%. On the
BSE sectoral front, Metal was down by 3.98%, Power was down by 2.98%, Utilities
was down by 2.93%, Consumer Durables was down by 2.86% and Bankex was down by
2.74% while there were no gaining sectoral indices on the BSE.
Also Read | Sensex falls 817 points while Nifty around 15,933 in early trade
The top gainers on the Sensex were HCL Tech up by 0.91%,
TCS up by 0.63%, Wipro up by 0.50%, Tech Mahindra up by 0.39% and Asian Paints
was up by 0.13%.
Among the losers were Indusind Bank down by 5.31%, Tata
Steel down by 4.21%, Bajaj Finance down by 4.04%, SBI down by 3.44% and Bajaj
Finserv was down by 3.22%.
Also Read | Swiggy shuts down delivery services in 5 cities. Know details
The Nifty is presently trading at 15,834.85, down 332.25
points or 2.06% after fluctuating between 15,824.40 and 16,041.95. On the
index, 3 stocks advanced and 47 stocks declined.
The top gainers on Nifty were HCL Tech up by 0.60%, TCS
up by 0.38% and Wipro up by 0.13%.
Among the losers were Hindalco down by 6.21%, Adani Ports
down by 6.11%, Indusind Bank down by 5.52%, Bajaj Finance down by 4.40% and
Tata Steel was down by 4.16%.
Also Read | Phillip Jefferson becomes fourth Black person to serve on Fed Reserve board
Asian markets were trading under pressure with Hang Seng
falling 397.47 points or 2% to 19,427.10, Jakarta Composite plunging 157.65
points or 2.31% to 6,658.55, Nikkei 225 trembling 464.92 points or 1.77% to
25,748.72, Shanghai Composite falling 9.74 points or 0.32% to 3,048.96, Straits
Times trembling 38.90 points or 1.21% to 3,187.17, KOSPI declining 42.19 points
or 1.63% to 2,550.08 and Taiwan Weighted was down by 389.57 points or 2.43% to
15,616.68.
Related Articles
ADVERTISEMENT