Sensex Falls 106 Points In Volatile Trade, Nifty Settles Below 16,250
Sensex and Nifty extended their decline for the third consecutive session today.
New Delhi:
Indian equity benchmarks extended their fall for the third consecutive session in volatile trade on Tuesday. The domestic indices swung between gains and losses throughout the day before closing in the red.
Investors are keeping an eye on the markets amid aggressive interest rate hikes from central banks and concerns of an economic slowdown.
The 30-share BSE Sensex ended 106 points or 0.19 per cent lower at 54,365, while the broader NSE Nifty ended 62 points or 0.38 per cent lower at 16,240.
Mid- and small-cap stocks remained weak as Nifty Midcap 100 fell 1.87 per cent and small-cap 2.24 per cent.
Of the 15 sector gauges compiled by the National Stock Exchange, 10 closed in the red. The sub-indices Nifty Metal, Nifty Consumer Durables and Nifty Oil & Gas rallied 5.20 per cent, 2.24 per cent and 2.29 per cent, respectively, in the index.
On the stock-specific front, Coal India was the top laggard as the stock fell 7.54 per cent to Rs 169.25. Tata Steel, ONGC, JSW Steel and Hindalco also suffered losses.
The overall market breadth remained negative with 881 stocks rising, while 2,473 declined on the BSE.
Tata Steel, Sun Pharma, NTPC, Titan, Bajaj Finance, Reliance Industries, Tech Mahindra, ITC, Wipro and Infosys were the top gainers in the 30-share BSE index.
Conversely, Hindustan Unilever, Asian Paints, IndusInd Bank, UltraTech Cement, Maruti, HDFC Twins (HDFC Bank and HDFC), Kotak Mahindra Bank, Bharti Airtel, Nestle India, ICICI Bank and Dr Reddy’s ended in the green.
