Read more about Sensex crashes over 1000 pts; FMCG shares under pressure on Business Standard. The key indices declined further in mid-afternoon trade. The Nifty fell below 14,700 mark. FMCG shares declined for the fifth session. Rising COVID-19 cases and negative global cues triggering selling in domestic shares.
Read more about Real Estate shares fall on Business Standard. Real Estate stocks were trading in the negative zone, with the S&P BSE Realty Index index falling 66.43 points or 2.4% at 2701.38 at 13:48 IST.
Read more about Metal stocks edge higher on Business Standard. Metal stocks were trading in green, with the S&P BSE Metal index increasing 216.94 points or 1.68% at 13132.77 at 09:48 IST.
Domestic indices declined for third consecutive trading session on selling pressure in index pivotals. The Nifty slipped below the 15,100 mark in intraday trade but managed to close above that level. Negative cues from Asian markets impacted sentiment.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, dropped 379.14 points or 0.73% at 51,324.07. The Nifty 50 index fell 89.95 points or 0.59% at 15,118.35.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.69% while the S&P BSE Small-Cap index gained 0.67%.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,639 shares rose and 1,328 shares fell. A total of 158 shares were unchanged.
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index falling 77.94 points or 0.3% at 25895.84 at 13:48 IST. Among the components of the S&P BSE IT Sector index, 63 Moons Technologies Ltd (down 2.55%), Ramco Systems Ltd (down 1.79%),KPIT Technologies Ltd (down 1.44%),Tata Consultancy Services Ltd (down 1.3%),Aptech Ltd (down 1.29%), were the top losers. Among the other losers were Sonata Software Ltd (down 1.11%), eClerx Services Ltd (down 1.1%), Tanla Platforms Ltd (down 1.08%), Quick Heal Technologies Ltd (down 1.05%), and Hinduja Global Solutions Ltd (down 0.99%). On the other hand, Majesco Ltd (up 4.98%), TVS Electronics Ltd (up 4.91%), and NIIT Ltd (up 4.28%) moved up.