Lagatar24 Desk
Mumbai, Dec.9: Indian equity benchmarks on Thursday, fell a smidgeon as investors took profits after two days of significant gains that saw both benchmarks rise more than 3% in two sessions. The weekly expiration of index futures and option contracts, on the other hand, increased volatility, according to analysts. The Sensex dropped 151 points, and the Nifty 50 index dropped to an intraday low of 17,423.
The Sensex was up 5 points at 58,401.22 at 10.22 a.m., while the Nifty 50 index was down at 17,401.25.
Losses in HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank, and State Bank of India were offset by gains in Reliance Industries, HDFC, Infosys, ICICI Bank, and Bajaj Finance.
Eight of the National Stock Exchange’s 15 sector indices were trading lower, headed by the Nifty Bank index, which fell 0.4 percent. The Nifty Financial Services, Metal, PSU Bank, Private Bank, and Auto indices were all in the red.
Oil and gas, pharmaceutical, and media stocks, on the other hand, were seeing some minor buying interest.
The Nifty Midcap 100 index increased 0.27 percent, while the Nifty Smallcap 100 index dipped 0.84 percent, outperforming their larger counterparts.
The top Nifty loss was JSW Steel, which lost 1.6 percent to 662. Among the losses were HDFC Bank, TCS, Tata Steel, Axis Bank, NTPC, Hindalco, Titan, State Bank of India, Kotak Mahindra Bank, Eicher Motors, and BI Life.
Bharat Petroleum, Reliance Industries, UPL, Dr. Reddy’s Laboratories, Indian Oil, Asian Paints, and Coal India, on the other hand, were among the gainers.
On the BSE, the overall market breadth was positive, with 1,761 shares increasing and 938 decreasing.
