SENSEX declines 600 pts, NIFTY50 slips below 23,400 amid weak global cues; metal stocks tumble

At 10:15 AM, the S&P BSE SENSEX was trading at 77,245.85, down 614.34 points, or 0.79%, while the NSE's NIFTY50 index was trading at 23,375.60, down 184.35 points, or 0.78%.

As many as 36 stocks on the NIFTY50 index were trading in the red, 13 in the green, and one scrip was unchanged.

Stocks in news

Metal stocks fell sharply as US President Donald Trump said he would impose 25% tariffs on all steel and aluminum imports, expanding his trade conflicts to the metals sector.

Last seen, the BSE METAL index was trading at 28,105.32, down 2.79%.

The company, in its investor presentation, said that its consolidated profit after tax (PAT) stood at ₹70.2 crore, up 11.6% year-on-year (YoY), while EBITDA, or earnings before interest, taxes, depreciation, and amortisation, for the quarter under review came in at ₹105.1 crore, up 6.3% YoY.

Broader Market

The BSE SmallCap index was trading at 49,478.54, down 685.68 points, or 1.37%, while the BSE MidCap index was trading at 42,630.46, down 419.81 points, or 0.98%.

Sector Watch

All sectoral indices were trading with losses, with metals taking the biggest knock. The BSE REALTY index was trading at 6,992.39, down 163.19 points, or 2.28%.