Lagatar24 Desk
Mumbai, Jan 25: Due to panic selling across counters mirroring depressed global stocks, Indian equity indices fell for the sixth straight session on Tuesday.
After a chaotic Wall Street session overnight, Asian stocks and futures plummeted, with investors concerned about the situation in Ukraine and keeping an eye on the US Federal Reserve amid fears of a worldwide tightening of monetary policy.
Back home, the 30-share BSE Sensex was down 1,021 points or 1.78 percent at 56,471 as of 9:18 a.m., while the broader NSE Nifty was down 301 points or 1.76 percent at 16,848.
Mid- and small-cap stocks were trading lower, with the Nifty Midcap 100 index down 1.19 percent and small-cap stocks down 1.06 percent.
On a stock-by-stock basis, Asian Paints was the top Nifty loser, falling 3.19 percent to Rs. 3,054.60. Wipro, Divi’s Lab, L&T, and Britannia were also late to the game when it came to signing contracts.
On the BSE, the overall market breadth was poor, with 664 shares increasing and 2,057 dropping.
Asian Paints, Wipro, Kotak Mahindra Bank, HDFC twins (HDFC and HDFC Bank), and Reliance Industries suffered the greatest losses on the 30-share BSE platform, with their shares falling as much as 3.13 percent.
