Sensex, Nifty Fall As Metal, Realty Stocks Decline: Midday Market Update
Sensex was trading 0.18% lower at 61,516.07. Nifty 50 declined 0.16% at 18,298.60.
India's stock benchmarks declined, dragged by metal, realty, energy, and capital goods stocks.
Sensex was trading 0.18% lower at 61,516.07 on the BSE, while the Nifty 50 declined 0.16% to 18,298.60 on the NSE. Among Nifty 50 constituents, 22 stocks rose while 24 declined.
Grasim Industries Ltd., ITC Ltd.,HDFC Life Insurance Company Ltd., Tata Steel Ltd., and Kotak Mahindra Bank Ltd. were the top laggards, while Oil and Natural Gas Corporation Ltd., Hero MotoCorp Ltd., Ultratech Cement Ltd., Adani Ports and Special Economic Zone Ltd. and Titan Co. were the top gainers on the Nifty 50.
The broader indices almost mirrored their larger peers, with the mid-cap index losing 0.13%, while the small-cap gauge fared better by losing 0.05%.
Eleven out of the 19 sectoral measures complied by BSE Ltd. declined, with BSE metal gaining the most over 1%.
The market breadth is skewed in favour of the bears. About 1,566 stocks rose, 1,828 fell and 133 remained unchanged.