Lagatar24 Desk
Mumbai, Jan 24: Indian equity benchmarks fell for the sixth consecutive day on Monday, owing to negative global cues. Asian stock markets fell as investors awaited the Federal Reserve’s announcement that it will soon begin draining the huge pool of liquidity that has fueled growth stocks in recent years.
The 30-share BSE Sensex was down 612 points, or 1.04 percent, at 58,425 at 9:32 a.m., while the broader NSE Nifty was down 173 points, or 0.98 percent, at 17,444.
Mid- and small-cap stocks were trading lower, with the Nifty Midcap 100 index down 1.42 percent and small-cap stocks down 2.09 percent.
On a stock-by-stock basis, JSW Steel was the highest Nifty loss, falling 3.41 per cent to Rs. 643.55. The laggards included Divi’s Lab Hindalco, Bajaj Finserv, and HDFC Life.
ONGC, Cipla, IndusInd Bank, Bharti Airtel, and PowerGrid, on the other hand, were among the gainers.
On the BSE, the overall market breadth was poor, with 689 shares increasing and 2,410 decreasing.
Wipro, Tech Mahindra, Infosys, Titan, Asian Paints, and Bajaj Finserv had the highest losses on the 30-share BSE platform, with their shares falling as much as 2.83 percent.
Among the gainers were IndusInd Bank, Sun Pharma, ICICI Bank, PowerGrid, NTPC, and Reliance Industries.
On Friday, the Sensex fell 427 points, or 0.72 percent, to 59,037, while the wider NSE Nifty down 140 points, or 0.79 percent, to 17,617.
