1 week ago

Stock market midday report: Sensex down 1007 points, Nifty around 15,835

Sensex is now trading at 53,081.18, down 1007.21 points or 1.86%
Nifty is presently trading at 15,834.85, down 332.25 points or 2.06%
Asian markets were trading under pressure

Indian equity benchmarks continued their negative trade in the afternoon session due to selling pressure in frontline counters. Sensex and Nifty were seeing heavy losses of around 2% each. The fall of stocks was led by shares from metal, power and utility counters.

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The Sensex is now trading at 53,081.18, down 1007.21 points or 1.86% after fluctuating between 52,994.75 and 53,632.55. On the index, 5 stocks advanced while 25 stocks declined.

The broader indexes were trading in negative territory, with the BSE Midcap index down 2.20% and the Small-cap index down 1.73%. On the BSE sectoral front, Metal was down by 3.98%, Power was down by 2.98%, Utilities was down by 2.93%, Consumer Durables was down by 2.86% and Bankex was down by 2.74% while there were no gaining sectoral indices on the BSE.

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The top gainers on the Sensex were HCL Tech up by 0.91%, TCS up by 0.63%, Wipro up by 0.50%, Tech Mahindra up by 0.39% and Asian Paints was up by 0.13%.

Among the losers were Indusind Bank down by 5.31%, Tata Steel down by 4.21%, Bajaj Finance down by 4.04%, SBI down by 3.44% and Bajaj Finserv was down by 3.22%.

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The Nifty is presently trading at 15,834.85, down 332.25 points or 2.06% after fluctuating between 15,824.40 and 16,041.95. On the index, 3 stocks advanced and 47 stocks declined.

The top gainers on Nifty were HCL Tech up by 0.60%, TCS up by 0.38% and Wipro up by 0.13%.

Among the losers were Hindalco down by 6.21%, Adani Ports down by 6.11%, Indusind Bank down by 5.52%, Bajaj Finance down by 4.40% and Tata Steel was down by 4.16%.

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Asian markets were trading under pressure with Hang Seng falling 397.47 points or 2% to 19,427.10, Jakarta Composite plunging 157.65 points or 2.31% to 6,658.55, Nikkei 225 trembling 464.92 points or 1.77% to 25,748.72, Shanghai Composite falling 9.74 points or 0.32% to 3,048.96, Straits Times trembling 38.90 points or 1.21% to 3,187.17, KOSPI declining 42.19 points or 1.63% to 2,550.08 and Taiwan Weighted was down by 389.57 points or 2.43% to 15,616.68.

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Stock market midday report: Sensex down 1007 points, Nifty around 15,835

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