Midday Market Update: Sensex, Nifty Fall As Auto, Banking Stocks Decline

Indian stock benchmarks traded off day's low, led by decline in auto and banking stocks.

Anjali Rai

07 Sep 2022, 01:13 PM IST

<div class="paragraphs"><p>Midday Market Update: Sensex, Nifty Fall; Auto, Banking Stocks Decline (Source: <a href="https://unsplash.com/@behy_studio?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Behnam Norouzi</a> /<a href="https://unsplash.com/s/photos/stock-market?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>)</p></div>

Midday Market Update: Sensex, Nifty Fall; Auto, Banking Stocks Decline (Source: Behnam Norouzi /Unsplash)

India's stock benchmarks fell, but are trading off day's low, dragged by losses in auto, banking, and realty stocks.

The Sensex fell 0.23% or 138 points to 59,058.91 on the BSE, while the Nifty 50 declined by similar magnitude to 17,624.25 on the NSE. Among the Nifty 50 constituents, 22 stocks rose, 28 fell.

Facebook
X (was Twitter)

The broader indices outperformed their larger peers, with mid cap gauge rising 0.16% and small cap adding 0.6%. Ten of the 19 sectoral indices compiled by BSE advanced.

The market breadth is skewed in the favour of bulls. About 2,054 stocks rose, 1,252 fell and 169 remained unchanged.