Indices Keep Falling, Sensex Slips 300 Points, Nifty Auto Index Only Gainer Losses were capped on the back of buying in auto shares a day after Bajaj Auto s quarterly profit results
Updated: January 22, 2021 1:03 pm IST
Nifty sectoral indices were in the red, except Nifty Auto index, which was trading 2 per cent higher.
The Sensex and Nifty continued their opening losses and slipped over half a per cent in Friday s noon transactions, dragged mostly by private banks and Reliance Industries.
The S&P BSE Sensex dropped 300 points to 49,300 and the Nifty 50 index fell under 14,550. Tech Mahindra, Axis Bank, and Asian Paints fell 2 per cent each and were the top Sensex losers. Reliance Industries (RIL) also slipped 1 per cent ahead of its Q3 earnings results later today. However, Bajaj Auto rose as much as 8 per cent on the back of nearly 5 per cent jump in Q3 net profit.