Market sell-off continues, NIFTY50 below 21,900, SENSEX falls over 600 points
Upstox
1 min read • Updated: March 19, 2024, 2:30 PM
Summary
Benchmark indices – NIFTY50 (-0.94%) and SENSEX (-0.91%) – were trading lower on Tuesday, dragged by TCS, Reliance, Infosys and L&T. Out of the NIFTY50 space, 42 stocks were declining.
Benchmark indices NIFTY50 and SENSEX were down over 0.90% on Tuesday at 12:30 pm, with TCS, Reliance and Infosys contributing to their downside.
Out of the NIFTY50 space, 42 stocks were trading in red. Nestle India, Tata Consumer Products, and BPCL were among the top losers, while Bajaj Finance, Bajaj Auto, and Kotak Mahindra Bank were the top gainers.
All sectoral indices were bearish, with IT (-2.13%), Media (-1.65%), FMCG (-1.33%), and Oil and Gas (-1.38%) being the top draggers.
Broader market indices continue to trade lower. NIFTY Smallcap and Midcap indices slipped 0.78% and 1.06%, respectively.
On the stocks front, Paytm was trading at ₹408.55, up 4.97%, after ending the last two sessions in the upper circuit. Last week, NPCI allowed One97 Communications Limited (OCL), Paytm's parent, to become a third-party UPI application.
Shares of JBM Auto also surged as much as 9.8% after its subsidiary bagged an order worth ₹7,500 crore for 1,390 electric buses.
Popular Vehicles and Services shares debuted on the stock exchanges at a discount. The stock listed at ₹289.2 per share as against the issue price of ₹295 apiece on the NSE, reflecting a discount of 1.96%.