Indian equity markets in red

9 May 2024 , 01:29 PM

Indian benchmark indices saw a decline on Thursday, influenced by mixed trading in global markets. The Sensex dropped 814 points (1.11%) to 72,650, while the Nifty fell 265 points (1.19%) to 22,043. Market breadth was negative, with 919 shares advancing, 2,256 declining, and 98 remaining unchanged.

The BSE SmallCap index was down by 1.62%, and the BSE MidCap index fell by 1.35%. Among the Nifty 50 stocks, 11 were in the green, with Hero MotoCorp, Tata Motors, Mahindra & Mahindra, Bajaj Auto, and HCLTech leading the gains. Conversely, Larsen & Toubro, Divi’s Laboratories, Tata Consumer Products, Coal India, and Britannia Industries were the top drags.

Only seven of the 30 stocks on the Sensex recorded gains, with Tata Motors, Mahindra & Mahindra, HCLTech, Infosys, and Maruti Suzuki India leading. Larsen & Toubro, ITC, JSW Steel, IndusInd Bank, and Bajaj Finance were the top drags on the Sensex.

Foreign institutional investors (FIIs) net sold ₹6,669.10 Crore shares, while domestic institutional investors (DIIs) bought ₹5,928.81 Crore worth of shares on May 8, according to provisional data from the NSE.

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