Indices trading under pressure, Sensex falls 820 pts

6 Sep 2024 , 11:24 AM

The benchmark indices Nifty and Sensex trading in red on September 6 ahead crucial data on US jobs about to release today. The report will determine the federal rate cuts which will be announced later this month.

As of 11 AM, the Sensex had fallen by 772.69 points, or 0.94%, to 81,428.47, while the Nifty was down 224.00 points, or 0.89%, at 24,921.10. Out of the total shares, 1,137 advanced, 2,096 declined, and 76 remained unchanged.

Among sectors, Nifty Private bank, Nifty Bank and Nifty PSU Bank leads the decline with 0.7-1.7%. The telecom sector is down 2-3% after Indus tower and Vodafone drops more than 6% in the morning trade.

SBI, Coal India, BPCL, Adani Ports and Reliance are the top losers on Nifty while, LTIMindtree, Bajaj Finance, HUL, Asian Paints and Hindalco are the top gainers.

The broader market experienced selling pressure, with the BSE Midcap and Smallcap indices declining by 0.8% and 0.3%, respectively.

\Meanwhile, the volatility index, India VIX, jumped over 7% to 15.3.