Sensex, Nifty End Lower; Tata Motors, Tata Steel Top Drags
Indian equities ended at the day's low, beginning the new trading week on a negative note.
The S&P BSE Sensex ended 1% lower at 48,564 while the NSE Nifty 50 index fell 1.1% to end at 14,281. However, both the indices ended 160 and 60 points higher than their respective day's low.
This is also the first instance when the Nifty has declined over 1% on consecutive days since April 1 and April 3, 2020.
Among the sectoral indices, while all of them ended with losses, the Metals index was the top laggard, ending 4.1% lower.
Among other indices, The Nifty Pharma, Nifty PSU Bank, Nifty Realty, Nifty Media and Nifty Auto, all saw losses in excess of 2%. The I.T. index fell 1.7% while the Nifty Bank index ended 1.3% lower.
Broader markets too ended the day on a negative note, underperforming the benchmarks. The Midcap index ended 2.1% lower while the Smallcap index fell 1.8% in today's session.
The India Volatility Index ended 1.6% higher at 24.4.
1,512 stocks on the NSE ended with losses in today's session while 420 stocks bucked the trend to end higher.
How Did The Sectoral Indices Fare
All But One Stock On The Auto Index Decline
Vetri Subramaniam's Market Outlook
Markets At 2:10 P.M.
- Benchmark indices recover from the day's low
- Nifty up 100 points from day's low; down 0.5% at 14,362
- Sensex up 330 points from day's low; down 0.3% at 48,867
- Nifty Bank down 0.6% at 32,054
- Nifty Midcap index down 1.7%
- Nifty Smallcap index down 1.2%
- India Volatility Index up 1.5% at 24.3
- Nifty Metal index remains the top sectoral laggard; down 3.4%
- Nifty Realty index declines 1.8% while Pharma index down 1.7%
- PSU Bank and Auto index down 1.5% each
- UPL remains the top Nifty gainer; up 4.4%
- Tata Steel remains the top Nifty laggard; down 4.4%
- 1,472 stocks on the NSE trade with losses while 420 are bucking the trend