Equity market continued to trade in negative territory in mid-trading session, taking cues of weak trends in global market and ongoing FII outflows. However, the indices traded with marginal losses at the time of writing, recovering from the day’s low.
After an intraday fall of 435 points, traded at 85,239.98 at 1.25 pm, down by 27.68 points or 0.03 per cent. 50 dipped 11.85 points or 0.05 per cent to 26,035.10 after hitting an intraday low of 25,904.75.
Midcap index slipped, while the smallcap index staged resilience. Sectoral indices traded in a mix, with media rising nearly 2 per cent. FMCG, consumer durables, PSU Bank and IT indexes traded with marginal gains, while healthcare, auto, pharma and realty dipped.
IndiGo leads Nifty 50
Shares of , Shriram Finance, Hindustan Unilever, Tata Consumer Products and HCL Technologies led the gainers of Nifty 50, while ONGC, Eicher Motors, Mahindra & Mahindra, Bajaj Auto and HDFC Life traded as the major laggards.
Out of 3,140 stocks traded on the National Stock Exchange, 1,426 declined, 1,602 advanced, while 112 stocks remained unchanged, indicating cautious sentiment. Selling pressure was also evident as 83 stocks touched their 52-week lows, compared with 63 stocks at 52-week highs. At the same time, volatility persisted with 65 stocks hitting upper circuits and 50 stocks locked in lower circuits.
Ashok Leyland, Dredging Corporation, Federal Bank, and Vodafone Idea were among the stocks that scaled to 52-week highs.
Under the midcap segment, Dixon Tech, KEI Industries, IDFC First Bank, UPL and IRB soared 2-3 per cent, while HDFC AMC, BSE, Aditya Birla Capital, Motilal OFS and KPIT Technologies declined 2 per cent.
Smallcap stocks NBCC, Aarti Industries, Kajaria Ceramics, JWL, BEML and Amber gained 2-5 per cent, while PNB Housing, Cholamandalam Holdings, Tejas Networks, BLS International and Poonawalla Fincorp declined 2-2.5 per cent.