Stock market midday report: Sensex down 360 points, Nifty around 15,570
- Sensex is presently trading at 52,180.35, down 361.04 points or 0.69%
- Nifty is presently trading at 15,573.20, down 118.95 points or 0.76%
- Asian markets were trading mixed on Thursday
The Indian market indices continued to trade negatively in the midday session, with the Sensex and Nifty trading below 52,200 and 15,600, respectively. The market mood was harmed by rising crude oil prices and continued foreign capital outflows. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Wednesday, offloading shares worth Rs 3,531.15 crore, according to exchange data.
Asian markets were trading mixed with KOSPI rising 5.11 points or 0.21% to 2,452.49, Nikkei 225 surged 105.04 points or 0.4% to 26,431.20, Jakarta Composite soared 113.61 points or 1.62% to 7,120.66 and Straits Times was up by 21.24 points or 0.68% to 3,127.09. On the flip side, Taiwan Weighted dropped 160.64 points or 1% to 15,838.61, Hang Seng decreased by 305.58 points or 1.43% to 21,002.63 and Shanghai Composite was down by 21.75 points or 0.66% to 3,283.66.
The Sensex is presently trading at 52,180.35, down 361.04 points or 0.69% from a low of 52106.33 and a high of 53142.50. On the index, there were four stocks that advanced and 26 that declined.
The broader indices were trading in red with the BSE Mid cap index losing 1.06%, while the Small cap index was down by 1.34%. The top losing sectoral indices on the BSE were Metal down by 2.57%, Realty down by 1.94%, Telecom down by 1.80%, Basic Materials down by 1.67% and Industrials was down by 1.37%, while there were no gaining sectoral indices on the BSE.
The top gainers on the Sensex were Asian Paints up by 0.43%, ICICI Bank up by 0.28%, Maruti Suzuki up by 0.28% and Reliance Industries up by 0.02%. On the flip side, Bharti Airtel down by 2.95%, Tata Steel down by 2.92%, Wipro down by 2.68%, Tech Mahindra down by 2.35% and NTPC down by 2.33% were the top losers.
The Nifty is presently trading at 15,573.20, down 118.95 points or 0.76% after trading in a range of 15,540.85 and 15,863.15. On the index, there were 7 stocks that advanced and 43 stocks that declined.
The top gainers on the Nifty were Asian Paints up by 0.39%, ICICI Bank up by 0.34%, Maruti Suzuki up by 0.29%, Britannia Inds up by 0.18% and Hindustan Unilever was up by 0.11%. On the flip side, Cipla was down by 3.71%, Hindalco down by 3.44%, Bharti Airtel down by 2.98%, Tata Steel down by 2.85% and Wipro was down by 2.60% were the top losers.