Equity benchmark indices swayed between gains and losses during early hours on Monday while their Asian peers were on an upward trajectory.
At 10:15 am, the BSE SandP Sensex was down by 46 points or 0.09 per cent at 48,833 while the Nifty 50 edged lower by 13 points or 0.09 per cent to 14,359.
Most sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank, IT and realty dipping by 0.8 per cent each, auto by 0.7 per cent and metal by 0.5 per cent.
Among stocks, Reliance Industries cracked by 3.7 per cent to Rs 1,973.90 per share after reports said the Mukesh Ambani-led conglomerate has spined off of the oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships.
The other prominent losers were Asian Paints, Tata Motors, Nestle India, ITC, HCL Technologies, IndusInd Bank and Eicher Motors.
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
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Equity benchmark indices dipped during early hours on Wednesday with metal and auto stocks witnessing profit booking by traders. At 10:15 am, the BSE SandP Sensex was down by 297 points or 0.61 per..
Equity benchmark indices shed 1 per cent in a volatile trading session on Monday with Reliance Industries losing by 5 per cent after the announcement of Q3 earnings. The BSE S-P Sensex closed 531..
Equity markets witnessed a wave of selling in IT and FMCG stocks on Wednesday with key indices being dragged down by heavyweight Reliance Industries. The BSE SandP Sensex closed 264 points or 0.54 per..
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