The home inventory markets widened their losses in midday buying and selling attributable to a weak opening throughout the European bourses and combined tendencies from Asia. At 2:10 pm, the BSE Sensex was buying and selling close to the lows of the day at 49,932.79, decrease by 650.51 factors or 1.23 per cent and NSE Nifty was at 14,416.35, down 179.15 factors or 1.21 per cent. The broader markets are additionally witnessing promoting strain; the BSE Midcap index is down 1.6 per cent at 18,832.66 and BSE Smallcap index has shed 1.18 per cent at 18,658.60.
There was pink throughout the board in Europe, with the DAX, CAC and FTSE shedding round half a per cent every. Asian markets have been buying and selling combined; the Kospi, Nikkei, SET and Jakarta misplaced as much as 2 per cent every, whereas the Hang Seng, Straits Times and Shanghai indices have been buying and selling within the inexperienced.
On the stock-specific entrance, data expertise shares continued to come across promoting strain. Tech Mahindra dived by 4.2 per cent to Rs 1,007.50 to prime the loser’s charts on the BSE. HCL Tech declined by 2.5 per cent to Rs 1001.50 though the corporate’s third quarter revenue surged practically 27 per cent to Rs 3,982 crore. Infosys, Wipro and TCS have been additionally buying and selling weak as much as 2 per cent every. ONGC, Hindalco and BPCL have been the opposite important losers amongst BSE shares.
On the opposite hand, Tata Motors, Bharti Airtel and ITC had gained as much as Four per cent every on the BSE. In reality, Tata Motors has now rallied for 11 straight days to hit 28-month excessive on the BSE Sensex.
The BSE market breadth was weak. Out of three,095 shares traded on the BSE, there have been 874 advancing shares as towards 2086 declines.