Sensex, Nifty Fall; Infosys Leads Decline: Mid-Day Market Update
The Sensex lost nearly 400 points to 57,612.39. The Nifty 50 fell 0.72% to 17,117.35 in the afternoon trade.
India’s stock benchmarks declined, tracking a slide in global equities, dragged by broad-based losses in information technology, auto, metal, realty and energy stocks.
The Sensex lost nearly 400 points at 57,612.39, while the Nifty 50 fell 0.72% to 17,117.35 as of 1 p.m. on Tuesday. Of the Nifty 50 constituents, 44 stocks logged losses, while six advanced.
Divi’s Laboratories Ltd., IndusInd Bank, Dr. Reddy’s Laboratories Ltd., JSW Steel Ltd. and SBI Life Insurance Co. were the top laggards on the Nifty 50, while Asian Paints Ltd., Axis Bank Ltd., Adani Enterprises Ltd., Power Grid Corp., UltraTech Cement Ltd. and Bajaj Finserv Ltd. were the gainers.
The mid-cap gauge mirrored its larger peers, while the small-cap index outperformed the Sensex and Nifty, down 0.44%. All the 19 sectoral indices compiled by the BSE declined.
The market breadth was skewed in favour of the bears. About 1,470 stocks rose, 1,807 fell and 162 remained unchanged.