Sensex, Nifty Log Losses For Third Day Dragged By Energy, I.T. Stocks
- Oldest First
India's stock benchmarks declined for the third session, dragged by losses in information technology and energy stocks.
Over the past three sessions, the S&P BSE Sensex and NSE Nifty 50 shed 3%.
On Thursday's session, Sensex fell 1.06% to 59,464.62. The 30-stock gauge shed over 1,000 points in intraday trade, for the first time in a month. This is also the first time the Sensex closed below 60,000 in nine sessions. The Nifty also declined by similar magnitude to 17,757. This is the second consecutive session that the 50-stock gauge closed below 18,000. The index dropped to the lowest closing level since Jan. 6. Bajaj Finserv Ltd. had the largest drop, falling 4.5%. Today, 35 of 50 shares fell, while 15 rose.
The broader indices outperformed their larger peers with both the S&P BSE MidCap and S&P BSE SmallCap closing little changed. Thirteen of the 19 sectoral indices compiled by BSE Ltd. declined, with S&P BSE Information Technology shedding 1.7%.
The market breadth was skewed neither in the favour of bulls nor bears. About 1,746 stocks advanced, 1,662 declined and 76 remained unchanged.
"Benchmark indices are showing corrections for the third day in a row on the back of FIIs' selling, rising US bond yields, and concerns of surge in cases of the Omicron variant", Mohit Nigam, Head - PMS, Hem Securities wrote in a note and added that the "correction might be seen as a buying opportunity to enjoy the post budget rally".
Broader Indices Outperform Sensex, Nifty
Hikal Shares Slips Over 30% In 11 Sessions
Shares of Hikal Ltd. fell for the 11th consecutive session, the longest losing streak in over five years.
The stock has shed over 30% during this period.
The company's name was mentioned in relation to a gas-leak incident that killed six people. Last week, Hikal informed bourses that it abided by all rules and regulations and is rendering all assistance to the police investigation in the matter.
Strides Pharma Partners With Medicines Patent Pool To Commercialise Molnupiravir In 105 Countries
Strides Pharma Science Ltd. announced partnership with Medicines Patent Pool to commercialise molnupiravir in the international markets.
The MPP covers 105 countries. Strides and its Kenyan subsidiary Universal Corporation Ltd. will manufacture molnupiravir at their WHO facilities in India and Nairobi.
Strides receives Emergency Use Authorization from India's drug regulator to launch molnupiravir 200 mg, under the name Stripiravir, on December
Source: Exchange Filing
Investo Vs Zee Entertainment: Bombay High Court Begins Hearing Arguments For Stay On EGM
Aspi Chinoy begins arguments on behalf of Zee Entertainment.
In Dec., Invesco had concluded its arguments against a single judge order granting stay on the EGM.
Source: Bombay HC proceedings
Sensex Sheds Over 1,000 Points In Intraday Trade.
Reliance Industries Logs Steepest Intraday Decline In A Month
S&P BSE Energy Sheds Nearly 2%; Reliance Industries Leads Decline
HCL Technologies Expands Strategic Transformation Partnership With ams Osram
Indiabulls Housing Finance Has 3.5 Million Shares Change Hands In A Large Trade
Sensex, Nifty Decline
European Markets Open Higher
Asian Paints Q3 Net Income Misses Estimates
Bajaj Finserv Falls After Reporting 2.6% YoY Decline In Net Profit In Q3
Mastek Logs Steepest Intraday Decline In Three Months
Mid-Day Market Update: Sensex, Nifty Decline; Bajaj Auto, HDFC, HUL, RIL Fall
Ashok Leyland Has 1.19 Million Shares Change Hands In A Large Trade
PTC India Financial Shares Slip The Most In Nearly Seven Years
Ramkrishna Forgings Approves Splitting Each Share Into Five
AGS Transact Technologies IPO Subscription Status: Day 2 Live Updates
Just Dial Shares Surge As Analysts Expect Firm To Benefit From RIL's Resources, Expertise
Morgan Stanley Doubles Its Overweight Position On Financials
India Yield Curve Steady, Stocks Down
Sensex, Nifty At Day's Low
Bank Of Baroda Has 1.3 Million Shares Change Hands In A Large Trade
Tata Consumer Jumps 4% On Morgan Stanley Upgrade
ITC Has 1.81 Million Shares Change Hands In A Large Trade
Ceat Logs Steepest Intraday Decline In Three Months On Q3 Miss
ICICI Lombard Logs Steepest Intraday Decline In 20 Months On Q3 Miss
NSE Nifty IT Index Sheds 1%
Tata Elxsi Jumps 14% In Two Sessions
Opening Bell: Sensex, Nifty Open Lower; PTC India Financial Tumbles 16%
Glenmark Pharma In Exclusive Licensing Pact With Lotus International For Ryaltris Nasal Spray
Analyst Actions: SRF, Bajaj Auto, L&T Infotech
Rupee Traders To Await PM Modi's Speech
PTC India Financial Acknowledges Receiving Resignations From Three Independent Directors
Analyst Actions: Nestle India, Tata Consumer, L&T Infotech
In Focus: Vaccine Stocks After Study Shows Disappointing Results On Omicron Booster Shots
SGX Nifty Hints At Opening Losses; TVS Motor, HCL Tech, HUL, Asian Paints In Focus
- AGS Transact Technologies IPO Subscription Status: Day 2 Live Updates
- Just Dial Shares Surge As Analysts Expect Firm To Benefit From RIL's Resources, Expertise
- Morgan Stanley Doubles Its Overweight Position On Financials
- Tata Consumer Jumps 4% On Morgan Stanley Upgrade
- Tata Elxsi Jumps 14% In Two Sessions