Sensex, Nifty Fall; UPL Loses Over 3.5% — Midday Market Update
India's stock benchmarks declined, dragged by losses in metal, realty and IT stocks.
India's stock benchmarks declined, dragged by losses in metal, realty and information technology stocks.
The Sensex lost 250 points (over 0.4%) to 57,865.37 as of 1 p.m. on Tuesday. The Nifty 50 also declined 0.5% to 17,256.20.
Of the Nifty 50 constituents, 22 stocks rose, 27 fell and one remained unchanged.
The broader indices outperformed their larger peers, up 0.2%. Thirteen of the 19 sectoral indices compiled by BSE Ltd. fell, with realty losing nearly 2%.
The market breadth, however, was skewed in favour of the bulls. About 1,831 stocks rose, 1,410 fell and 143 remained unchanged.