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News Details

17/09/2020 14:26

Sensex plunges 200 points; Metals underperform

Domestic bourses continued to trade lower during the noon trading session amid selling in index heavyweights including Tata Steel Ltd, Power Grid Corporation of India Ltd. , Bajaj Finserv Ltd., ICICI Bank Ltd. Larsen & Toubro Ltd. among others.

Among individual stocks shares of Sadbhav Engineering fell almost 5 percent, a day after the company said promoter entity Shashin V Patel created a pledge of 1.85 percent of total paid-up equity of the company. In a BSE filing on September 16, the company said Patel created a pledge of 31,83,333 shares of the company on September 14.

Meanwhile, rupee ends at 73.65 per US dollar against September 16 close of 73.52 per US dollar.

At 14: 15 hours, the 30-share benchmark index was trading at 39101.23 down by -201.62 points or by -0.51 % and then NSE Nifty was at 11528.45 down by -76.1 points or by -0.66 %.

Sensex touched intraday high of 39234.81 and intraday low of 38947.69 The NSE Nifty touched intraday high of 11587.2 and intraday low of 11505.75'

The top gainers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 811.55,+2.81%), Infosys Ltd. (Rs. 1017.00,+1.59%), Asian Paints Ltd. (Rs. 2023.95,+0.47%), Titan Company Ltd. (Rs. 1186.85,+0.37%), Mahindra & Mahindra Ltd. (Rs. 793.75,+0.21%), among others.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 395.50,-2.24%), Bajaj Finserv Ltd. (Rs. 6020.95,-2.00%), Power Grid Corporation of India Ltd. (Rs. 168.55,-1.95%), ICICI Bank Ltd. (Rs. 368.90,-1.56%), Larsen & Toubro Ltd. (Rs. 908.20,-1.49%), among others.

_IT index was at 16465.01 up by 84.67 points or by 0.52%. Cigniti Technologies Ltd. (Rs. 334.40,+5.69%), Sonata Software Ltd. (Rs. 337.15,+5.39%), Mastek Ltd. (Rs. 897.00,+5.17%), Ramco Systems Ltd. (Rs. 360.05,+4.99%), AXISCADES Engineering Technologies Ltd. (Rs. 53.20,+4.93%),.

Metal index was at 8651.77 down by -141.07 points or by -1.6%. Hindalco Industries Ltd. (Rs. 176.15,-4.16%), NMDC Ltd. (Rs. 87.90,-3.14%), Jindal Steel & Power Ltd. (Rs. 199.20,-2.40%), Tata Steel Ltd. (Rs. 395.65,-2.20%), JSW Steel Ltd. (Rs. 285.30,-1.09%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2968 , shares advanced were 1129 while 1654 shares declined and 185 were unchanged.