Markets in a bloodbath on broad-based selloff; Sensex slips 500 pts, Nifty 50 gives up 18,200

21 Nov 2022 , 02:00 PM

Domestic benchmark indices trading in the red after a gap-down opening on the first day of this trading week. Both the Sensex and Nifty benchmarks are lower around 1% each in the afternoon market session. Moreover, Indian markets may witness volatility ahead of RBI meeting later today.

On the sectoral front, except PSU Bank, all other sectoral indices are trading in the red territory. IT index underperformed by tumbling over 1.3% follwed by auto, pharma and metal stocks plunging marginally.

At around 2:00 PM, Sensex was trading at 61,168.71 lower by 494.77 points or 0.80%. Nifty 50 traded at 18,149.85 lower 157.80 points or 0.86%

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Top Bulls on Nifty 50 are: BPCL (+1.7%), Bharti Airtel (+1.4%), Axis Bank (+1.02%) supported by Hindustan Unilever (+0.76%) and Britannia (+0.41%). Meanwhile, top losers on Nifty are: JSW Steel (-1.93%), HDFC (-1.82%), SBI Life (-1.81%), Bajaj Finance (-1.76%) and Adani Ports (-1.69%).

Further, Archean Chemical Industries made a stellar debut as its shares listed at Rs450 per share. This is a premium of 11% over its issue price of Rs407. Meanwhile, shares of Five Star Business Finance made a dull debut with the stock listing at Rs449 per share, a discount of over 5%.

Moreover, globally oil pricing were trading near two-month lows early Monday as supply fears ebbed. Brent crude slipped to $87 per barrel, lowest since September 27, 2022. The US West Texas intermediate was trading at $80 per barrel.

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