Sensex, Nifty Decline As IT, Energy, Oil & Gas Stocks Weigh: Midday Market Update
The Sensex was trading 0.87% lower at 61,126.82 as of 12:34 p.m., while the Nifty 50 declined 0.85% to 18,152.30.
India's stock market extended losses, dragged by declines in energy, information & technology, oil & gas stocks.
The Sensex was trading 0.87% lower at 61,126.82 as of 12:34 p.m., while the Nifty 50 declined 0.85% to 18,152.30. Among Nifty 50 constituents, 10 stocks rose and 39 declined, while one remained unchanged.
Bharat Petroleum Corporation Ltd., Bharti Airtel Ltd., Hindustan Unilever Ltd., Axis Bank Ltd. and Britannia Industries Ltd. were the top gainers, while SBI Life Insurance Co, JSW Steel Ltd., Hero MotoCorp Ltd., Tata Consultancy Services Ltd. and Housing Development Finance Corporation Ltd. were the top laggards on the Nifty 50.
The broader indices outperformed their larger peers, with the the mid-cap index losing 0.23% and the small-cap gauge gaining 0.16%. The large-cap index almost mirrored its large peers, losing 0.84%.
Eighteen out of the 19 sectoral measures complied by BSE Ltd. declined, with BSE energy, information & technology, and oil & gas losing the most over 1%.
The market breadth is skewed in favour of the bears. About 1,421 stocks rose, 2,018 fell and 188 remained unchanged.