Indices extend losses; SENSEX down 400 pts, NIFTY50 below 22,300; Zen Technologies tanks another 10%

At 10:34 AM, the S&P BSE SENSEX was trading at 75,623.40, down 373.46 points, or 0.49%, while the NSE's NIFTY50 index was trading at 22,826.20, down 133.30 points, or 0.58%.

On the NIFTY50 index, 36 stocks declined while 14 stocks were trading in the green.

The top five gainers on the index were Tech Mahindra, Wipro, Apollo Hospitals, Maruti, and Infosys.

Stocks in News

TVS Supply Chain Solutions (TVS SCS) is a global company specializing in providing comprehensive end-to-end supply chain management services, including global forwarding and last mile solutions, catering to international organizations, government departments, and large to medium-sized businesses across various industries.

The stock on Monday, February 17, too, ended at its lower circuit limit of 20%, following its December quarter (Q3 FY25) results, and on Tuesday, February 18, in the early morning deals, it was trading over 9% lower at ₹982 apiece on the BSE.

Foreign institutional investors (FIIs) offloaded equities worth ₹3,937.83 crore on Monday, according to exchange data.

Broader Market

The BSE MidCap index was trading at 39,636.89, down 295.74 points, or 0.74%, while the BSE SmallCap index was trading at 44,547.35, down 609.54 points, or 1.35%.

Sector Watch

Barring technology stocks, all other sectoral indices were trading in the red. The biggest loser was industrial stocks.

The BSE Industrials index was trading at 11,970.27, down 143.24 points, or 1.18%.

On the other hand, the BSE Information Technology index was trading at 40,613.59, up 312.02 points, or 0.77%.