Stock market midday report: Sensex falls 387 points, Nifty down 120 points
- Sensex is trading at 55,684.46, down by 387.77 points or 0.69%
- Nifty is trading at 16,599.00, down by 120.45 points or 0.72%
- Asian markets were trading mostly in red on Monday
In the late morning session, weak trade continued over the market, with both Sensex and Nifty trading in deep red, on the back of negative cues from the other Asian markets. Domestic sentiments remained negative, as the government is not considering extending last date for filing income tax returns as it expects most returns to come in by the due date of July 31.
Asian markets were trading mostly in red with Nikkei 225 slipping 214.23 points or 0.77% to 27,700.43, Hang Seng decreasing 154.45 points or 0.75% to 20,454.69, Shanghai Composite declined 23.27 points or 0.71% to 3,246.70, Jakarta Composite lost 14.56 points or 0.21% to 6,872.40 and Taiwan Weighted dropped 0.03 points or 0% to 14,949.33. On the flip side, Straits Times advanced 10.30 points or 0.32% to 3,191.64 and KOSPI rose 17.76 points or 0.74% to 2,410.90.
Sensex is presently trading at 55,684.46, down by 387.77 points or 0.69% after trading in a range of 55,537.08 and 56,018.09. On the index, there were 11 that advanced and 19 stocks that declined.
The broader indices were trading in red with the BSE Mid cap index down by 0.19%, while Small cap index was down by 0.20%. The top gaining sectoral indices on the BSE were Metal up by 0.86%, Capital Goods up by 0.49%, Utilities up by 0.36%, Power up by 0.23% and Industrials up by 0.22%, while Energy down by 1.42%, Auto down by 1.22%, Oil & Gas down by 0.95%, Realty down by 0.73% and Healthcare down by 0.63% were the top losing indices on BSE.
The top gainers on the Sensex were Tata Steel up by 2.39%, Indusind Bank up by 1.25%, Asian Paints up by 1.00%, Bharti Airtel up by 0.80% and Larsen & Toubro up by 0.55%. On the flip side, Reliance Industries down by 3.03%, Ultratech Cement down by 2.89%, Mahindra & Mahindra down by 2.00%, Kotak Mahindra Bank down by 1.94% and Maruti Suzuki down by 1.43% were the top losers.
Nifty is now trading at 16,599.00, down by 120.45 points or 0.72% after trading in a range of 16,564.25 and 16,706.05. On the index, there were 15 stocks that advanced and 35 stocks that declined.
The top gainers on Nifty were Tata Steel up by 2.40%, Indusind Bank up by 1.33%, Apollo Hospital Ent. up by 1.19%, Hindalco up by 1.01% and Asian Paints up by 0.83%. On the flip side, Reliance Industries down by 3.22%, Ultratech Cement down by 2.81%, ONGC down by 2.64%, Grasim Industries down by 2.29% and Mahindra & Mahindra down by 2.25% were the top losers.