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The key equity barometers traded with minor losses in morning trades. Nifty moved in a range of 22785-22555. Nifty FMCG, Nifty IT and Nifty Chemicals shares declined.
NIFTY posted modest losses of 0.34% in last session and registered heavy losses of 2.58% over last one-week.
At 12:15 IST, the barometer index, the S&P BSE Sensex, decreased by 611.02 points or 0.83% to 73,098.67. The Nifty 50 index declined 193.85 points or 0.85% to 22,617.50.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index shed 1.06% and the BSE 250 SmallCap Index fell 1.06%.
The market breadth was negative. On the BSE, 1522 shares rose and 3263 shares retreated. A total of 255 shares were unchanged.
Nifty FMCG index slipped 1.72%. The index has eased by 4.75% in last one month and tumbled 22.77% over last one year. Godfrey Phillips, down 3.17%, led the losers followed by Nestle India, slipping 2.57% and Colgate-Palmoliv, losing 2.27%, respectively. Out of 15 index constituents, 13 are reporting loss today.
Nifty IT index declined 1.70%. The index has posted strong gains of 12.46% in last one month and edged lower by 8.15% over last one year. Tech Mahindra, edging lower 2.34%, led the losers followed by Coforge, easing 1.97% and Infosys, losing 1.79%, respectively. Out of 10 index constituents, 8 are reporting loss today.
Nifty Chemicals index fell 1.49%. The index has shed 7.26% in last one month and lost 6.88% over last one year. Aarti Industries, easing 4.63%, led the losers followed by Himadri Special, easing 4.48% and SRF, slipping 3.45%, respectively. Out of 21 index constituents, 19 are reporting loss today.
Asian markets posted steep losses on Thursday. China’s Shanghai composite is firmly lower by 1.44%, Hong Kong’s Hang Seng is sharply lower by 3.17%. Japan’s Nikkei 225 is significantly lower by 2.65%.
In Europe, German DAX edged lower 0.74%, UK’s FTSE 100 edged up 0.19% and French CAC advanced 1.06%.
In Commodities, MCX Gold eased 0.90% to trade at Rs 1,46,041 per 10 grams. MCX Crude oil jumped 2.82% to trade at Rs 9,200 per barrel. MCX Copper lost 1.37% to trade at Rs 1,389.90 per kg.
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