Stock market midday report: Sensex down 1,245 points, Nifty around 15,861
- Sensex is now trading at 52963.61, down by 1244.92 points or 2.30%
- Nifty is presently trading at 15,861.10, down by 379.20 points or 2.33%
- Asian markets were trading mostly lower on Thursday
Markets continued to trade in deep trade in afternoon session amid soaring inflation concerns and fears of aggressive rate hikes by global central banks. Broader market indices plunged over 2% each, underperforming their large peers. Amid bearish market sentiment, index heavyweights such as HDFC Bank, Nestle India and Wipro touched new 52-week lows on S&P BSE Sensex. On the BSE, 2449 stocks fell, 734 stocks gained, while 113 stocks remained unchanged.
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Asian markets were trading mostly lower, with Hang Seng falling 481.21 points or 2.33% to 20,163.07, Nikkei 225 decreased 508.36 points or 1.89% to 26,402.84, Straits Times slipped 13.58 points or 0.42% to 3,211.77, Taiwan Weighted plunged 276.54 points or 1.7% to 16,020.32 and KOSPI was down by 33.65 points or 1.28% to 2,592.33. On the other side, Jakarta Composite surged 23.59 points or 0.35% to 6,817.00 and Shanghai Composite jumped 1.04 points or 0.03% to 3,087.02.
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The BSE Sensex is now trading at 52963.61, down by 1244.92 points or 2.30% after trading in a range of 52959.48 and 53356.04. On the index, 2 stocks advanced and 28 stocks declined.
The broader indices were trading in red with the BSE midcap index declining 2.44%, while the smallcap index was down by 2.03%. The top losing sectoral indices on the BSE were IT down by 4.32%, TECK down by 4.13%, Metal down by 3.97%, Telecom down by 2.71% and Basic Materials was down by 2.66%, while there were no gaining sectoral indices on the BSE.`
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The top gainers on the Sensex were ITC up by 2.72% and Dr Reddy’s Lab was up by 0.97%. On the other hand, Infosys was down by 4.84%, Wipro was down by 4.73%, HCL Tech was down by 4.69%, Tech Mahindra was down by 4.67% and Indusind Bank was down by 4.40% were the top losers.
The Nifty is presently trading at 15,861.10, down by 379.20 points or 2.33% after trading in a range of 15,860.25 and 15,984.75. On the index, 3 stocks advanced and 21 stocks declined.
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The top gainers on Nifty were ITC up by 2.66%, Dr Reddy’s Lab up by 1.05% and Eicher Motors was up by 0.18%. On the other hand, Infosys was down by 4.86%, Wipro down by 4.83%, Tech Mahindra down by 4.80%, and HCL Tech. down by 4.76% and JSW Steel was down by 4.55% were the top losers.
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