Midday Market Update: Sensex, Nifty Fall As IT, Realty, Metal Stocks Decline
India's stock benchmarks declined after a positive start, dragged by IT, metal, realty, and consumer durables stocks.
India's stock benchmarks declined after a positive start, dragged by information technology, metal, realty, and consumer durables stocks.
The Sensex lost 0.44% or over 250 points to 60,080.40 on the BSE, while the Nifty 50 fell by similar magnitude to 17,919.75 on the NSE. Among Nifty 50 constituents, 12 stocks rose while 38 fell.
Maruti Suzuki India Ltd., Eicher Motors Ltd., Adani Ports and Special Economic Zone Ltd., Power Grid Corporation of India Ltd., and NTPC Ltd. were the top gainers. Hindalco Industries Ltd., Infosys Ltd., Cipla Ltd., Tech Mahindra Ltd., and Divi’s Laboratories Ltd. were the top losers.
The broader indices outperformed their larger peers, with mid cap and small cap measures little changed. Ten of the 19 sectoral indices compiled by BSE declined.
The market breadth is skewed in the favour of bears. About 1,568 stocks rose, 1,779 fell and 145 remained unchanged.