Indian benchmark indices started the day in red on Wednesday amid weak global cues. Broader markets, too, were under the bearish spell as Nifty Midcap 100 and Nifty Smallcap 100 indices declined up to 0.5 per cent. Volatility gauge, India VIX, meanwhile, climbed over 3 per cent.
Barring Nifty Media index, which held marginal gains, all other sectors plunged in the sea of red. Nifty IT, and Nifty Realty indices declined the most - over 1 per cent each.
Among individual stocks, shares of Adani Power gained over 1 per cent after the company amalgamated six wholly-owned subsidiary companies, including Adani Power (Mundra), with itself.
At 9:25 hours, the 30-share benchmark index was trading at 59901.3 down by -323.16 points or by -0.54 % and then NSE Nifty was at 17626.25 down by -85.2 points or by -0.48 %.
Sensex touched intraday high of 60011.05 and intraday low of 59844.82 The NSE Nifty touched intraday high of 17670.25 and intraday low of 17602.25
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 8698.60,+0.79%), Larsen & Toubro Ltd. (Rs. 2147.20,+0.31%), Tata Steel Ltd. (Rs. 105.95,+0.28%), NTPC Ltd. (Rs. 177.25,+0.23%), UltraTech Cement Ltd. (Rs. 7214.40,+0.19%), among others.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1484.15,-1.55%), Mahindra & Mahindra Ltd. (Rs. 1074.30,-1.49%), HCL Technologies Ltd. (Rs. 1111.40,-1.34%), Bajaj Finserv Ltd. (Rs. 1366.00,-1.11%), Kotak Mahindra Bank Ltd. (Rs. 1732.95,-1.04%), among others.
Power index was at 3509.56 up by 34.94 points or by 1.01%. Adani Green Energy Ltd. (Rs. 619.60,+5.00%), Adani Transmission Ltd. (Rs. 819.90,+4.99%), Adani Power Ltd. (Rs. 184.50,+3.71%), CG Power and Industrial Solutions Ltd. (Rs. 302.65,+1.48%), NHPC Ltd. (Rs. 40.48,+1.30%),.
IT index was at 29484.27 down by -421.29 points or by -1.41%. Sonata Software Ltd. (Rs. 798.35,-3.02%), MphasiS Ltd. (Rs. 2090.95,-2.27%), Vakrangee Ltd. (Rs. 22.50,-2.22%), Control Print Ltd. (Rs. 512.50,-2.20%), DiGiSPICE Technologies Ltd. (Rs. 18.70,-2.04%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2731 , shares advanced were 1062 while 1513 shares declined and 156 were unchanged.