MARKET UPDATE:Sensex down 428 points at 60,005 and Nifty down 121 points at 17,923
Published On: Wednesday, November 10, 2021 | By: Team KnowMyStock
The BSE benchmark index, the Sensex, opened 138 points lower at 60,295, and soon extended losses in the opening trades on account of subdued global cues, a spike in crude oil prices, and persistent selling by foreign investors. At 09:20 AM, the BSE Sensex was down 428 points at 60,005. The NSE Nifty once again gave up the 18,000-mark and was down 121 points at 17,923.
Index heavyweight, HDFC was down 1.5 percent at Rs 2,898. Kotak Bank, Axis Bank, ICICI Bank, SBI, and IndusInd Bank were the other prominent losers in the Sensex 30 stocks. On the other hand, Mahindra & Mahindra extended its upward move following the September quarter results. The stock was up 1.5 percent at Rs 807.
The broader indices were slightly better-off, with the BSE Midcap index down 0.3 percent, and the Smallcap index almost unchanged.