Sensex, Nifty End Down For Second Day Dragged By IT, Pharma, And Realty Stocks: Market Wrap
India's stock benchmarks ended down for the second day in a row, dragged by losses in IT, pharma, and realty stocks.
India's stock benchmarks ended down for the second day in a row, dragged by losses in information technology, pharma, and realty stocks.
The Sensex lost 0.68% or over 400 points to close at 59,934.01 on the BSE, while the Nifty 50 declined by similar magnitude to end at 17,877.40 on the NSE. Among the Nifty 50 constituents, 11 stocks rose while 39 fell.
Maruti Suzuki Ltd., Eicher Motors Ltd., Adani Ports and Special Economic Zone Ltd., Power Grid Corporation of India Ltd., and NTPC LTd. were among the top gainers. Hindalco Industries Ltd., Infosys Ltd., Tech Mahindra Ltd., Cipla Ltd., and Hero MotoCorp Ltd. were the top losers on the 50-stock index.
The broader indices outperformed their larger peers, with mid cap index gaining 0.3% and the small cap gauge closing little changed.
About 13 of the 19 sectoral indices compiled by BSE Ltd. declined with IT, healthcare, metal, and realty measures falling. On the flipside auto, power and utilities gained.
The market breadth is skewed slightly in the favour of bears. About 1,702 stocks rose, 1,795 fell and 123 remained unchanged.