BSE Sensex today: The index declined as much as 130.8 points to hit 40,192.81 on the downsideDomestic stock markets swung between gains and losses after a lower start on Monday amid weakness in Asian peers.
The S-P BSE Sensex index fell as much as 130.8 points to hit 40,192.81 on the downside, and the broader NSE Nifty benchmark dropped to as low as 11,864.50, down43.65 points from the previous close, in the first few minutes of trade.
The markets did recover early losses to briefly trade in the positive territory, with the Sensex climbing to as high as 40,385.61 - up 62 points from the previous close - and the Nifty returning above the 11,900 mark, but failed to sustain those gains.Gains in banking stocks - especially state-run lenders - were offset by losses in information technology and pharma shares.Nestle, TCS, Cipla Top Nifty LaggardsNestle, TCS and Cipla were the top percentage losers on the 50-scrip index.Nifty StockChangeNTPC+3.11%Yes Bank+2.61%Zee Entertainment+1.83%GAIL+1.02%JSW Steel+0.86%Tata Motors+0.80%Tata Steel+0.75%Adani Ports+0.67%Bharti Airtel+0.66%ONGC+0.65%Eicher Motors-1.05%Infosys-1.07%Asian Paints-1.12%Maruti Suzuki-1.19%Sun Pharma-1.30%HCL Tech-1.53%Grasim-1.55%Cipla-1.58%TCS-1.74%Nestle-2.29%NTPC, Yes Bank, Zee Entertainment Top Nifty GainersTwenty three stocks moved higher on the Nifty, led by NTPC, Yes Bank, Zee Entertainment, GAIL and JSW Steel - trading between 0.86 per cent and 3.11 per cent.
On the other hand, Nestle, TCS, Cipla, Grasim and HCL Tech - trading between 1.53 per cent and 2.29 per cent lower - were the top losers.Sensex Down 79 Points, Nifty At 11,878; TCS, Infosys Biggest Drags On SensexAt 11:20 am, the S-P BSE Sensex index traded 78.98 points - or 0.20 per cent - lower at 40,244.63 while the broader NSE Nifty benchmark was down 29.95points (0.25 per cent) at 11,878.20.Tata Consultancy Services (TCS), Infosys and Housing Development Finance Corporation (HDFC) were the biggest drags on Sensex.Midcap, Smallcap Stocks Outperform Benchmark Indices Sensex, NiftyThe broader markets outperformed the benchmark indices, with the NSE Midcap 100 index gaining as much as 0.73 per cent in late morning deals.
The S-P BSE MidCap and SmallCap indices rose as much as 0.60 per cent and 0.38 per cent respectively.Prominent gainers were Jindal Steel, Amara Raja Batteries, Indiabulls Ventures, Edelweiss, Shree Renuka Sugars and Kitex Garments.Sensex, Nifty Fluctuate Amid High VolatilityDomestic stock markets were faced with high volatility.
The NSE's India VIX index - which gauges the expectation of volatility in the near term - soared as much as 5.74 per cent in morning deals.
The Nifty Bank swung between gains and losses after a lower opening, rising as much as 0.56 per cent and declining 0.40 per cent from the previous close.The financial services sector has a weightage of 39.47 per cent on the Nifty.IT, Pharma Sectors Weigh On Markets Seven out of the NSE's 11 sectoral indices traded higher, led by the Nifty Media, Nifty PSU Bank and Nifty Realty which were up 0.84 per cent, 0.77 per cent and 0.60 per cent respectively.On the other hand, the IT index traded 0.72 per cent lower while the pharmaceutical gauge was down 0.26 per cent.Market Breadth In Favour Of GainsMarket breadth favoured gains, with 886 stocks moving higher, 661 trading in the negative zone and 86 flat on the NSE.
On the BSE, 887 stocks advanced, 692 declined while 556 remained unchanged.
On the Nifty, 27 stocks rose while 23 moved lower.Market breadth is determined by comparing the number of stocks trading higher versus the count ofthose moving lower.Sensex, Nifty Flat Amid Volatile TradeAt 9:46 am, the Sensex was down 2.15 points at 40,321.46 while the Nifty was down 5.55 points at 11,902.60.
Top percentage gainers on the 50-scrip index at the time were Yes Bank, Zee Entertainment, Tata Motors, Indian Oil and Kotak Bank, moving between 0.74 per cent and 2.90 per cent higher.On the other hand, Grasim, Sun Pharma, Cipla, Bharti Infratel and GAIL - down between 1.02 per cent and 1.97 per cent - were the top laggards.Sensex Opens Flat, Nifty Starts Day At 11,879The S-P BSE Sensex index opened 7.11 points lower at 40,316.50, and the broader NSE Nifty benchmark started the session at 11,879.20, down 28.95 points from the previous close.Sensex, Nifty Edge Lower In Pre-Open MarketThe S-P BSE Sensex index gave up early gains to slide as much as 24.18 points below the previous close to 40,299.43 in the pre-opening session.
At 9:07 am, the Sensex was down 11.14 points - or 0.03 per cent - at 40,312.47, while the Nifty was down 23.25 points - or 0.20 per cent - at 11,884.90.On Friday, the Sensex had ended330.13 points - or 0.81 per cent - lower at40,323.61 and the Nifty settled at11,908.15, down 103.90 points - or 0.86 per cent - from the previous close.Britannia, Coal India, Hindalco In Focus TodayAnalysts awaited more large cap companies to report their financial results for the quarter ended September 30.
Britannia, Coal India and Hindalco will report their quarterly earnings on Monday.StockChange Since Q1 Earnings AnnouncementBritannia+22.60%Hindalco+12.68%Coal India+2.72%Britannia shares have risen 22.60 per cent since the release of its earnings in the April-June period.Asian Shares Move Lower Amid US-China Trade ConcernsEquities in other Asian marketsreversed gains amid uncertainty whether the US and China could end their damaging trade war.
MSCI's broadest index of Asia-Pacific shares outside Japan was last seen trading 0.5 per cent lower.Japan's Nikkei gave up early gains to drift away from a recent 13-month high.
Chinese shares started lower with the blue-chip CSI300 index down 0.6 per cent.
Hong Kong's Hang Seng index was down more than 1 per cent, leadingthe losses in Asia, as fresh violence broke out in the region.SGX Nifty Futures Indicate Lower Opening For Domestic MarketsDomestic stock markets are likely to open lower tracking weakness in Asian peers amid concerns about the US-China trade war.
At8:34 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - traded 32.50 points (0.27 per cent) lower at11,914.50, after dropping toas low as 11,911.00.