Stock market midday report: Sensex down 274 points, Nifty around 16,122
- Sensex is presently trading at 54,120.40, down by 274.83 points or 0.51%
- Nifty is now trading at 16,122.55, down by 93.45 points or 0.58%
- Asian markets are trading mostly in red on Tuesday
In the mid-day session, Indian equity benchmarks continued their weak trade on the back of sustained selling activities by market-participants amid weakness across Asian peers.
Asian markets are trading mostly in red with KOSPI falling 22.55 points or 0.96% to 2,317.72, Taiwan Weighted dropping 389.91 points or 2.72% to 13,950.62, Shanghai Composite losing 30.93 points or 0.93% to 3,282.65, Hang Seng decreasing 273.15 points or 1.29% to 20,851.05 and Nikkei 225 was down by 475.64 points or 1.77% to 26,336.66.
Sensex is presently trading at 54,120.40, down by 274.83 points or 0.51% after trading in a range of 54,054.47 and 54,236.49. On the index, there were 8 stocks that advanced, 21 stocks that declined while 1 stock remained unchanged.
The broader indices were trading in red with the BSE Mid cap index losing 0.24%, while Small cap index was down by 0.10%. The top gaining sectoral indices on the BSE were Utilities up by 1.89%, Power up by 1.82%, Telecom up by 1.59%, Oil & Gas up by 0.25% and Energy was up by 0.23%, while Metal down by 1.34%, Basic Materials down by 0.84%, Auto down by 0.77%, FMCG down by 0.71%, Consumer Discretionary was down by 0.67% were the top losing indices on BSE.
The top gainers on the Sensex were NTPC up by 2.08%, Axis Bank up by 0.57%, Bharti Airtel up by 0.48%, Wipro up by 0.44% and Dr. Reddy's Lab was up by 0.23%. On the flip side, Tata Steel down by 1.44%, Hindustan Unilever down by 1.28%, Infosys down by 1.18%, Asian Paints down by 1.16% and ICICI Bank was down by 1.05% were the top losers.
Nifty is now trading at 16,122.55, down by 93.45 points or 0.58% after trading in a range of 16,103.35 and 16,158.75. On the index, 13 stocks advanced and 37 stocks declined.
The top gainers on Nifty were NTPC up by 1.69%, Adani Ports up by 1.14%, Apollo Hospital up by 0.92%, Coal India up by 0.75% and Axis Bank was up by 0.60%. On the flip side, Hindalco down by 2.79%, BPCL down by 1.80%, UPL down by 1.71%, Eicher Motors down by 1.64% and Britannia Inds was down by 1.50% were the top losers.