SENSEX trades 400 pts lower in morning trade, NIFTY50 tests 23,200; Infosys falls 6%, RIL jumps 5% post Q3 results

At 9:53 AM, the S&P BSE SENSEX was trading at 76,662.87 levels, down 379.95 points, or 0.49%, while the NSE's NIFTY50 index was trading at 23,218.85, down 92.95 points, or 0.4%.

As many as 30 constituents of the NIFTY50 index were trading in the green and the remaining 20 in the red.

The top five losers on the index were Infosys, Axis Bank, ICICI Bank, Wipro, and Kotak Mahindra Bank.

The top gainers were RIL, Hindalco Industries, BPCL, Coal India, and Sun Pharma.

Stocks in news

In the early trade, the stock rose as much as 4.7% to ₹1,326 apiece on the National Stock Exchange (NSE). At 9:44 am, it was up 2.14% to ₹1,293.5 per share.

Foreign institutional investors (FIIs) offloaded equities worth ₹4,341.95 crore on Thursday, according to exchange data.

Broader Market

The BSE MidCap index was trading at 43,884.38, up 140.69 points, or 0.32%, while the BSE SmallCap index was trading at 52,332.55, up 23.88 points, or 0.05%.

Sector Watch

IT stocks were the biggest losers on the BSE today, followed by banking and financial services counters.

The BSE Information Technology index was trading at 41,862.60 levels, down 947.37 points, or 2.21%, while the BSE BANKEX index was trading at 55,041.36, down 903.70 points, or 1.62%.

The BSE Financial Services index was trading 0.86% lower at 10,934.59.

On the other hand, the realty and metal stocks were the top gainers.