Sensex, Nifty Fall For Third Day As RIL, I.T. Stocks Drag
Stock price information is displayed on a screen. (Photographer: Dario Pignatelli/Bloomberg)

Sensex, Nifty Fall For Third Day As RIL, I.T. Stocks Drag

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Closing Bell

Indian equities ended lower for the third straight day as heavyweight Reliance Industries and technology stocks underperformed.

The S&P BSE Sensex ended 1.1% lower at 48,347 while the NSE Nifty 50 index fell 0.9% to end at 14,238.

Reliance Industries was the biggest contributor to the decline in the benchmark indices, ending 5.6% lower. This was the biggest single-day fall seen in the stock in nearly three months.

Among sectoral indices, technology shares were the biggest laggards in today's session. The Nifty I.T. index ended 1.8% lower while the PSU Bank index, Auto index and the Realty index fell 0.8% each.

Nifty Pharma outperformed in today's session, ending 1.7% higher, mainly led by gains in Aurobindo Pharma, which closed at a record high.

Broader markets moved in-line with the benchmark indices. The Midcap index fell 0.9% while the Smallcap index declined 1.2% in today's session.

The India Volatility Index rose 3.7% to end at 23.25.

1,404 stocks on the NSE ended with losses while 519 stocks bucked the trend to end higher.

How Did The Sectoral Indices Fare

In Focus: Aurobindo Pharma

Markets At 2:10 P.M.

  • Benchmark indices fluctuate between gains and losses
  • Nifty down 0.1% at 14,350
  • Sensex down 0.3% at 48,734
  • Nifty Bank up 0.6% at 31,351
  • Nifty Midcap index down 0.2%
  • Nifty Smallcap index down 0.5%
  • India Volatility Index up 3.8% at 23.3
  • Nifty Pharma is the top sectoral gainer; up 2.4%
  • Nifty Metal is the other sectoral gainer; up 0.9%
  • Nifty I.T. is the top sectoral laggard; down 0.6%
  • Grasim remains the top Nifty gainer; up 8%
  • Reliance Industries is the top Nifty laggard; down 4.8%
  • 1,256 stocks on the NSE decline while 628 are trading with gains
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