Home Economy Sensex trying to recover after morning plunge

Sensex trying to recover after morning plunge


Mumbai : A key index of the Indian equities markets was trying to crawl back into the green early Monday afternoon, after slipping more than 178 points into the red earlier.

At 12.27 p.m., the 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened higher at 15,287.14 points, was at 15,123.59 points — 36.65 points or 0.24 percent lower than Friday’s close.

At around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE), too, was trading in the red at 4,475.85 points, down 0.12 percent.

Broader market indices also came under selling pressure, with the BSE midcap index trading 0.31 percent lower and the BSE smallcap index moving down 0.9 percent.

On the BSE, auto, FMCG, and capital goods stocks came under selling pressure, while IT and healthcare stocks found favour among buyers.

The market breadth was tilted towards the negative, with 881 stocks rising, compared to 1,504 declining on the BSE and 75 remaining unchanged.

Prominent gainers on the Sensex at this time were TCS, up 4.97 percent at Rs.533.50; Wipro, up 2.83 percent at Rs.513; Infosys, up 2.32 percent at Rs.2,089.30; and Tata Power, up 2.14 percent at Rs.1,251.60.

Among losers on the Sensex were M&M, down 6.26 percent at Rs.781.95; Hindustan Unilever, down 4.06 percent at Rs.258.90; Hero Honda, down 3.39 percent at Rs.1,431, and ITC, down 3.22 percent at Rs.222.75.

In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo Stock Exchange broke its 10-month high to close at 10,524.26 points, up 112.17 points.

Better than expected job loss data from the US and a rise in Japanese machinery orders in June helped the benchmark index rise.

The Hang Seng, the primary index of the Hong Kong Stock Exchange, was also ruling in the green at 20,766.28 points, up 390.91 points.