Tuesday, June 6, 2023
HomeMarketsIndian MarketsStock Market: Sensex tanks 200 points, Nifty below 18,300

Stock Market: Sensex tanks 200 points, Nifty below 18,300

Wednesday began with a negative start for domestic stock markets as global indications were mixed. The benchmark Sensex on the BSE fell by 202.26 points, or 0.33 percent, to begin at 61,779.53, while the more broadly traded NSE Nifty50 fell by 50 points, or 0.27 percent, to open at 18,298.

Adani Enterprises’ roughly 2% increase to Rs 2,685 on the NSE indicates that the price of Adani equities has been rising for a third consecutive trading day.

During the morning session of trading, the stocks that performed the best were those belonging to Sun Pharma, Dr. Reddy’s, Kotak Mahindra Bank, Hero MotoCorp, PowerGrid, Titan, Bajaj Finance, and Nestle India.

During the same period of time, equities such as Hindalco, Wipro, ICICI Bank, HCL Tech, UltraTech Cement, M&M, Bajaj Finserv, IndusInd Bank, HDFC, HDFC Bank, and Infosys were among the top stocks to experience losses during early trading.

Broader markets continued their downward trend throughout the morning session of trading. By 9.20 a.m., the Nifty 100 had fallen 0.27 percent, the Nifty 200 was trading 0.25 percent lower, the Nifty 500 had dropped 0.22 percent, and the Nifty Midcap 50 had fallen 0.21 percent.

In terms of individual industries, the Nifty Pharma index increased by 0.55 percent, while the media index and the healthcare index both gained 0.51 percent. In the meantime, the index for precious metals was down 0.48 percent, the index for information technology was down 0.47 percent, and the index for real estate sank 0.51 percent.

News Desk
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