MARKET UPDATE:Sensex dipped 300 points at 45,790 levels and Nifty slipped below the 13,500-mark


Published On: Thursday, December 10, 2020 | By:

MARKET UPDATE:Sensex dipped 300 points at 45,790 levels and  Nifty slipped below the 13,500-mark

The equity markets in India fell over half a percent in today's(10th December 2020) opening deals, on the back of weak global cues. Among the headline indices, the S&P BSE Sensex dipped 300 points, or 0.7 percent, to 45,790 levels, thereby giving away the 46,000-mark it had conquered in the previous session. The broader Nifty50 index also slipped below the 13,500-mark. Ultratech Cement (down 2%) was the top Sensex loser, followed by Tata Steel, Infosys, and Tech Mahindra (all down 1%). Shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell as much as 15 percent after the company said the government will sell up to 20 percent stake in the company through an offer for sale on Thursday and Friday to raise Rs 4,374 crores. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 2 percent, leading the list of losers.

In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.5 per cent and 0.3 per cent lower, respectively.


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