Sensex, Nifty Decline As Banking, Energy Stocks Fall
The Indian benchmark indices traded lower with volatility through Monday as the Adani group stocks were mixed.
Stocks were mixed in choppy trading on Monday as investors split their attention between a reopening rally in mainland China, mixed trade in the Adani Group assets and looming interest-rate decisions in the U.S. and Europe.
As of 12:31 pm, the S&P BSE Sensex was down 139 points or 0.23% at 59,191.67 while the NSE Nifty 50 was 55 points or 0.31% lower at 17,549.30.
Bajaj Finance Ltd., Adani Enterprises Ltd., NTPC Ltd., Bajaj Finserv Ltd. and UltraTech Cement Ltd. were the top gainers in the gauge.
Whereas, Power Grid Corp of India Ltd., IndusInd Bank Ltd., JSW Steel Ltd., Hindustan Unilever Ltd., Hindalco Industries Ltd., SBI Life Insurance Co., Tata Steel Ltd., Axis Bank Ltd., Bajaj Auto Ltd. and ONGC Ltd. and were the top losers amongst the NSE Nifty 50 constituents.
The broader market indices traded mixed; S&P BSE MidCap was down 0.32%, whereas S&P BSE SmallCap was higher by 0.13%.
Thirteen out of the 19 sectors compiled by BSE declined, while six advanced in trade.
The market breadth was skewed in favour of the bears. About 1,599 rose, 1,838 declined, 191 remained unchanged on the BSE.
