MARKET UPDATE:Sensex declined 134 points at 60,585 levels while Nifty dipped 32 points to quote at 18,077-mark
Published On: Tuesday, November 16, 2021 | By: Team KnowMyStock
The Indian benchmark indices started in the negative territory today(16th Nov.2021) amid selling in metals and financial counters. The BSE Sensex index declined 134 points, or 0.22 percent, in early deals at 60,585 levels, dragged by Tata Steel, HDFC, Reliance Industries, Axis Bank, Kotak Bank, and Asian Paints. The NSE Nifty50, too, dipped 32 points to quote at 18,077-mark. Meanwhile, the broader MidCap and SmallCap indices on the BSE rose up to 0.2 percent. Among individual stocks, Escorts rose 0.23 percent after the company said its board is scheduled to meet on November 18, to consider and evaluate proposals for raising funds by way of issue of bonds/ debentures/ any other securities.
Macrotech Developers added 1.6 per cent as the company launched its qualified institutional placement (QIP) programme to raise Rs 4,000 crore.Coforge zoomed 5.7 per cent amid reports that the company is likely to soon file papers with the US SEC (Securities Exchange Commission) for an initial public offer via the ADR (American Depository Receipts) route.
Sectorally, the Nifty IT index was up 0.4 per cent while the Nifty Financial Services index was down 0.5 per cent.
Overall, the market breadth favoured buyers with 1,334 stocks advancing on the BSE as against 853 stocks that declined.
Tags: Indian benchmark indices started in the negative territory selling in metals and financial counters Escorts Macrotech market breadth favoured buyers
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