The benchmark indices reversed gains in later half of the day amid unabated selling pressure in select index heavyweights like – Reliance Industries, HDFC twins, Bharti Airtel and FMCG stocks. In the process, the Sensex and Nifty ended lower for the fifth straight trading session.
Among the Nifty 50 stocks, Bharti Airtel and IndusInd Bank slipped nearly 2 per cent each. Reliance was down 1.7 per cent. SBI, Hindustan Unilever, HDFC Bank, Nestle, Axis Bank and Britannia were down over a per cent each.
On the positive front, Adani Enterprises zoomed nearly 6 per cent, and Adani Ports was up 4 per cent. Asian Paints, Tata Steel, Titan, BPCL, PowerGrid Corporation, Larsen & Toubro and JSW Steel were the other prominent gainers.
The 30-share benchmark index ended at 57555.9 down by -344.29 points or by -0.59 % and then NSE Nifty was at 16972.15 down by -71.15 points or by -0.42 %.
Sensex touched intraday high of 58473.63 and intraday low of 57455.67 The NSE Nifty touched intraday high of 17211.35 and intraday low of 16938.9
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 2829.40,+3.03%), Tata Steel Ltd. (Rs. 108.65,+2.07%), Titan Company Ltd. (Rs. 2398.05,+1.76%), Larsen & Toubro Ltd. (Rs. 2175.75,+1.47%), Power Grid Corporation of India Ltd. (Rs. 228.35,+1.44%), among others.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 756.40,-2.00%), IndusInd Bank Ltd. (Rs. 1044.25,-1.85%), Reliance Industries Ltd. (Rs. 2236.85,-1.74%), Hindustan Unilever Ltd. (Rs. 2406.10,-1.56%), HDFC Bank Ltd. (Rs. 1540.75,-1.54%), among others.
Power index was at 3587 up by 37.53 points or by 1.06%. Adani Green Energy Ltd. (Rs. 740.95,+4.94%), Adani Transmission Ltd. (Rs. 931.00,+3.27%), NHPC Ltd. (Rs. 41.07,+2.19%), JSW Energy Ltd. (Rs. 255.45,+1.89%), Power Grid Corporation of India Ltd. (Rs. 228.35,+1.44%),.
Bankex index was at 44223.85 down by -382.47 points or by -0.86%. Bank of Baroda (Rs. 159.30,-1.97%), IndusInd Bank Ltd. (Rs. 1044.25,-1.85%), HDFC Bank Ltd. (Rs. 1540.75,-1.54%), State Bank of India (Rs. 517.45,-1.49%), Au Small Finance Bank Ltd. (Rs. 583.10,-1.35%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3910 , shares advanced were 1679 while 2076 shares declined and 155 were unchanged.