Stock market midday report: Sensex down 5 points, Nifty around 16,350
- Sensex is presently trading at 54,887.33, down 5.16 points or 0.01%
- Nifty is presently trading at 16,350.30, down 5.95 points or 0.04%
- Asian markets were trading mostly in red on Thursday
Asian markets were trading mostly in red with Shanghai Composite declining 17.16 points or 0.53% to 3,246.63, Straits Times trembled 13.23 points or 0.41% to 3,212.57, Hang Seng decreased 78.43 points or 0.36% to 21,936.16, KOSPI fell 2.48 points or 0.09% to 2,623.67 and Taiwan Weighted dropped 67.60 points or 0.41% to 16,602.91. On the flip side, Nikkei 225 surged 124.73 points or 0.44% to 28,359.02 and Jakarta Composite soared 58.69 points or 0.82% to 7,252.00.
The Sensex is presently trading at 54,887.33, down 5.16 points or 0.01% after moving in a range of 54,507.41 and 55,010.89. On the index, 9 equities advanced and 21 companies declined.
The broader indices were trading in red with the BSE Mid cap index being down by 0.14%, while the Small cap index was down by 0.18%. The top gaining sectoral indices on the BSE were Energy up by 1.18%, Telecom up by 0.88%, Oil & Gas up by 0.87%, Healthcare up by 0.26% and Auto up by 0.15%, while Metal down by 1.75%, Basic Materials down by 1.14%, Realty down by 0.65%, Bankex down by 0.47% and Industrials down by 0.41% were the top losing indices on BSE.
The top gainers on the Sensex were Dr Reddy's Lab up by 2.88%, Maruti Suzuki up by 1.33%, Reliance Industries up by 1.26%, Bharti Airtel up by 0.76% and ITC up by 0.60%. On the flip side, Tata Steel is down by 2.98%, Asian Paints down by 1.64%, SBI down by 1.45%, Bajaj Finance down by 1.42% and Ultratech Cement down by 1.33% were the top losers.
The Nifty is presently trading at 16,350.30, down 5.95 points or 0.04% after moving in a range of 16,243.85 and 16,393.85. On the index, there were 18 stocks that advanced and 32 stocks that declined.
The top gainers on Nifty were Dr Reddy's Lab up by 2.95%, ONGC up by 1.93%, Bajaj Auto up by 1.57%, Maruti Suzuki up by 1.39% and Reliance Industries up by 1.27%. On the flip side, Tata Steel is down by 2.97%, Hindalco down by 2.26%, Shree Cement down by 2.13%, Grasim Industries down by 1.86% and Asian Paints down by 1.64% were the top losers.