Stock market midday report: Sensex down 2 points, Nifty around 16,270
- Sensex is now trading at 54,518.37, down 2.78 points or 0.01%
- Nifty is presently trading at 16,267.45, down 11.05 points or 0.07%
- Asian markets were trading mostly in the red on Tuesday
On the back of negative indications from other Asian markets, Indian stock indices were trading near their neutral lines in the mid-day session, with both the Sensex and Nifty in the red territory with slight losses.
Asian markets were trading mostly in the red with Hang Seng decreasing 240.54 points or 1.15% to 20,605.64, Taiwan Weighted dropped 44.40 points or 0.3% to 14,675.24, KOSPI fell 10.32 points or 0.43% to 2,364.93, Shanghai Composite declined 9.58 points or 0.29% to 3,268.52 and Straits Times trembled 0.62 points or 0.02% to 3,121.14. On the flip side, Jakarta Composite soared 49.81 points or 0.75% to 6,709.06 and Nikkei 225 surged 168.49 points or 0.63% to 26,956.96.
The Sensex is now trading at 54,518.37, down 2.78 points or 0.01% after trading between 54,232.82 and 54,697.63. On the index, there were 15 stocks that advanced and 15 stocks that declined.
The broader indices were trading in green with the BSE Midcap index up by 0.14%, while the Small cap index was up by 0.35%.
The top gaining sectoral indices on the BSE were Realty up by 0.58%, PSU up by 0.30%, Bankex up by 0.30%, Consumer Durables up by 0.29% and Metal up by 0.28%, while Oil & Gas down by 0.51%, FMCG down by 0.42%, IT down by 0.37%, TECK down by 0.30% and Utilities down by 0.21% were the top losing indices on BSE.
The top gainers on the Sensex were Axis Bank up by 1.43%, Bharti Airtel up by 1.41%, Ultratech Cement up by 1.21%, Tata Steel up by 1.03% and Bajaj Finserv up by 0.75%. On the flip side, Nestle is down by 1.84%, HCL Tech. down by 1.23%, Infosys down by 1.03%, Asian Paints down by 0.69% and ITC down by 0.64% were the top losers.
The Nifty is presently trading at 16,267.45, down 11.05 points or 0.07% from a low of 16,187.05 and a high of 16,328.65. On the index, there were 22 stocks that advanced and 28 stocks that declined.
The top gainers on Nifty were Coal India up by 1.81%, Axis Bank up by 1.60%, Bharti Airtel up by 1.37%, Ultratech Cement up by 1.30% and Tata Steel up by 1.06%. On the flip side, Nestle is down by 2.02%, SBI Life Insurance is down by 1.70%, HDFC Life Insurance is down by 1.36%, HCL Tech. down by 1.33% and Infosys down by 1.07% were the top losers.