Markets in red

16 May 2024 , 01:28 PM

Indian benchmark indices declined from their day’s high and were trading in the red at noon on Thursday. At the time of writing, Sensex decreased by 373 points, or 0.51%, to 72,613. Similarly, the Nifty fell by 112.70 points, or 0.5%, to 22,079. Market breadth showed that 1,842 shares advanced, while 1,474 shares declined, and 93 shares remained unchanged.

The broader market indices outperformed the frontline benchmark indices. The BSE SmallCap index increased by 0.62%, and the BSE MidCap index rose by 0.36%.

On the Nifty 50, 18 out of 50 stocks were trading positively. The top drags on the Nifty 50 included Maruti Suzuki India, SBI, Tata Motors, BPCL, and Power Grid Corp. Conversely, the top gainers on the Nifty 50 were Bharti Airtel, Tech Mahindra, LTIMindtree, Infosys, and HCLTech.

On the BSE Sensex, 19 out of 30 stocks were trading negatively. The top drags on the BSE Sensex were Maruti Suzuki India, SBI, Tata Motors, Power Grid Corp., and NTPC. The top gainers on the BSE Sensex included Bharti Airtel, Tech Mahindra, Infosys, HCLTech, and Kotak Mahindra Bank.

Foreign portfolio investors (FPIs) were net sellers on Wednesday, offloading shares worth ₹2,832 Crore. In contrast, domestic institutional investors (DIIs) were net buyers on the same day, purchasing shares worth ₹3,788 Crore.

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