Sensex, Nifty Fall For Second Day Dragged By Auto Stocks: Market Wrap
India's stock benchmarks declined for second day. Cement, pharma stocks advanced while auto and banking stocks fell.
India's stock benchmarks ended down for the second day, led by fall in auto and banking stocks.
The Sensex lost 0.28% or 168 points to end at 59,028.91 after having shed nearly 475 points to an intraday low of 58,722.89 on the BSE. The Nifty 50 declined 0.18% to close at 17,624.40 on the NSE. Among Nifty 50 constituents, 26 stocks rose while 24 fell.
Shree Cement Ltd., Ultratech Cement Ltd., Adani Ports Ltd., Coal India Ltd., Britannia Industries Ltd. were among the top gainers while Tata Motors Ltd., Bajaj Auto Lt., IndusInd Bank Ltd., Mahindra & Mahindra Ltd., and Maruti Suzuki India Ltd. declined.
The broader indices outperformed their larger peers with mid cap index gaining 0.1% and small cap gauge jumping nearly 0.5%. Fourteen of the 19 sectoral indices compiled by BSE advanced with basic materials gaining 1%. On the flipside, auto index lost over 1%.
The market breadth is skewed in the favour of bulls. About 2,137 stocks rose, 1,318 declined and 125 remained unchanged.