Indian stock markets in red

13 May 2024 , 01:41 PM

Indian benchmark indices remained in negative territory on Monday amid uncertainties over the results of the ongoing Lok Sabha elections and weak Asian markets. At the time of writing, the Sensex was down by 434 points, or 0.60%, trading at 72,230 while the Nifty was down by 114 points, or 0.52%, at 21,937.

Only Pharma, Healthcare, FMCG, and Media sectors showed positive movement, while Auto, PSU Bank, and Oil & Gas sectors were the major losers. The broader market indices, BSE MidCap and BSE SmallCap, were also in the red, declining by 0.55% and 0.68% respectively.

Among the Nifty 50 stocks, 14 were in the green, with Tata Motors, Hero MotoCorp, IndusInd Bank, Shriram Finance, and BPCL leading the losses, while Cipla, Asian Paints, Divi’s Laboratories, HDFC Life, and Britannia Industries were the top gainers.

On the BSE Sensex, nine stocks were in positive territory, with Tata Motors, IndusInd Bank, Titan, Axis Bank, and SBI as the major drags, while Asian Paints, HDFC Bank, Larsen & Toubro, TCS, and Sun Pharma were the top performers.

Foreign institutional investors (FIIs) were net sellers of shares worth ₹2,117.50 Crore, while domestic institutional investors (DIIs) were net buyers, investing ₹2,709.81 Crore, according to provisional data from the NSE.

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