On the strength of selling in front line counters, Indian stocks continued to trade lower in the midday session. The mood remained bleak as Reserve Bank statistics revealed that India’s forex reserves fell by $11.173 billion to $606.475 billion in the worst weekly drop ever, as the currency came under pressure owing to geopolitical developments.

Also Read| Crypto news daily: Bitcoin data and price analysis for Monday, April 11, 2022

Asian markets were trading mostly lower with Shanghai Composite declining 78.46 points or 2.41% to 3,173.39, Nikkei 225 slipped 164.28 points or 0.61% to 26,821.52, KOSPI fell 7.29 points or 0.27% to 2,693.10, Taiwan Weighted dropped 236.17 points or 1.37% to 17,048.37, Hang Seng decreased 615.19 points or 2.81% to 21,256.82 and Straits Times was down by 14.65 points or 0.43% to 3,368.63. On the flip side; Jakarta Composite was up by 29.07 points or 0.4% to 7,239.91.

Also Read| Why crypto donations are skyrocketing worldwide: Explained

Sensex is presently trading at 59,156.64, down 290.54 points or 0.49% from a low of 58,945.08 and a high of 59,333.18. On the index, there were 10 stocks that rose and 20 that fell.

Also Read| HAL shares hit 52-week high on emerging as L-1 bidder for ISRO project

The broader indices were trading in green with the BSE Midcap index rising 0.53%, while the Small cap index was up by 0.67%. The top gaining sectoral indices on the BSE were Utilities up by 2.64%, Power up by 2.61%, Oil & Gas up by 1.71%, Energy up by 1.05% and Basic Materials was up by 0.97%, while IT down by 1.31%, TECK down by 1.22%, Capital Goods down by 0.43%, Consumer Durables down by 0.36% and Telecom was down by 0.01% were the top losing indices on BSE.

Also Read| Gold, silver and other metal prices on Monday, April 11, 2022

The top gainers on the Sensex were ITC up by 1.34%, ICICI Bank up by 1.20%, Kotak Mahindra Bank up by 0.99%, Ultratech Cement up by 0.75% and Indusind Bank was up by 0.53%. On the flip side, HCL Tech was down by 2.68%, Infosys down by 2.32%, Wipro down by 2.16%, Power Grid down by 1.53% and Larsen & Toubro was down by 1.47% were the top losers.

Also Read| Trending Stocks: Veranda, Ruchi Soya, Tata Motors and others in news today

Nifty is presently trading at 17,727.35, down 57.00 points or 0.32% from a low of 17,653.55 and a high- of 17,761.10. On the index, there were 23 stocks that rose and 27 stocks that fell.

Also Read| Stocks that should be on your watchlist on Monday, April 11, 2022

The top gainers on Nifty were Grasim Industries up by 2.13%, Adani Ports up by 1.87%, ITC up by 1.72%, JSW Steel up by 1.44% and Apollo Hospital was up by 1.33%. On the flip side, HCL Tech was down by 2.61%, Infosys down by 2.30%, Wipro down by 2.12%, Larsen & Toubro down by 1.56% and SBI Life Insurance was down by 1.55% were the top losers.