ADVERTISEMENT

Sensex, Nifty Close Lower For Third Day Dragged By I.T., Metal Stocks

Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.

<div class="paragraphs"><p>A trader works on the floor of the New York Stock Exchange. (Photographer: Michael Nagle/Bloomberg)</p></div>
A trader works on the floor of the New York Stock Exchange. (Photographer: Michael Nagle/Bloomberg)
LIVE FEED
Latest First
  • Oldest First

Closing Bell

Indian equity benchmarks closed lower for the third consecutive day, dragged by losses in information technology, metals, energy and telecom stocks.

The S&P BSE Sensex index shed 0.55% to 60,923.50. The NSE Nifty 50 Index declined by similar magnitude to close at 18,178.10. Both the benchmarks slipped as much as 1% in intraday trade.

Sensex, Nifty Close Lower For Third Day Dragged By I.T., Metal Stocks

The broader indexes almost mirrored their broader peers with the S&P BSE MidCap index shedding 0.4% and the S&P BSE SmallCap declining 0.7%. Eleven of the 19 sectoral indexes compiled by BSE Ltd. declined, with the S&P BSE Information Technology index falling 2.3%.

The market breadth was skewed neither in favour of bulls nor bears. About 1,610 stocks advanced, 1,676 declined and 140 remained unchanged.

ADVERTISEMENT

Paytm Considers Scrapping Pre-IPO Placement Sale: Bloomberg Exclusive

  • Paytm is mulling scrapping its proposed Rs 2000-crore pre-IPO share sale.

  • Deal could be called off over valuation differences

Source: People familiar with the development


NSE Nifty Metal Index Down Nearly 2%

Sensex, Nifty Close Lower For Third Day Dragged By I.T., Metal Stocks
ADVERTISEMENT

Kotak Mahindra Bank Leads The Gains In Banking Stocks

Sensex, Nifty Close Lower For Third Day Dragged By I.T., Metal Stocks

UPL To Acquire 80% Stake In Indonesian Firm PT Excel Meg Indo

UPL said its step down subsidiary, UPL Global Ltd. has entered into a definitive agreement for acquisition of 80% stake in equity share capital of PT Excel Meg Indo- Indonesia.

In an exchange filing, UPL said that PTE has a good presence in Indonesia and wide range of agro-chemical offers. UPL hoped the acqusition to provide market access and access to product portfolio of PTE.

UPL intended to complete the acquisition of 80% stake by December 31, 2021. PTE has been valued at an enterprise value of $25 million.

ADVERTISEMENT