Indian benchmark indices dip

15 May 2024 , 01:51 PM

On Wednesday, Indian benchmark indices showed a downward trend. The Sensex declined by 194.19 points or 0.27%, reaching 72,910, while the Nifty dropped by 40.00 points or 0.18%, settling at 22,177.50.

Among the listed stocks, 2110 witnessed gains, 1224 experienced losses, and 79 remained unchanged. Sectors such as Banking, Financial Services, Auto, and FMCG observed declines, whereas PSU Bank and Realty sectors showed the most growth. In the broader market, the BSE SmallCap index rose by 1.03%, and the BSE MidCap index climbed by 0.67%.

Among the Nifty 50 stocks, 21 were in the red. Notable gainers included Cipla, Coal India, Mahindra & Mahindra, NTPC, and Dr. Reddy’s, while Eicher Motors, Sun Pharma, Bajaj Auto, HDFC Bank, and Britannia Industries were the top decliners.

Half of the 30 stocks on the BSE Sensex recorded gains. Top drags were Sun Pharma, HDFC Bank, Tata Motors, Asian Paints, and JSW Steel, while NTPC, Mahindra & Mahindra, HCLTech, Power Grid Corp., and Tata Steel were the top performers.

On Tuesday, Foreign Institutional Investors (FIIs) sold stocks worth ₹4,065 Crore, bringing their total sales for May to ₹33,540 Crore. Conversely, Domestic Institutional Investors (DIIs) purchased shares valued at ₹3,528 Crore on the same day, reaching a total purchase of ₹26,500 Crore for the month.

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