MARKET UPDATE:Sensex down 83 points at 60,052 levels while Nifty down 10 points at 17,936
Published On: Tuesday, October 12, 2021 | By: Team KnowMyStock
The markets were exhibiting volatility in early morning trade today (12th Oct.2021), amid negative gloabl cues and stock specific trading action. The BSE Sensex touched a low of 59,992 in the opening deals, but soon recovered losses and jumped to a high of 60,264. The Sensex, however, could not hold gains for long, and slipped back into the negative zone, down 83 points at 60,052.The NSE Nifty 50 index was down 10 points at 17,936. The broader markets, however, were holding some gains. The BSE Midcap was up 0.1 per cent at 26,000, and the Smallcap index was up 0.2 per cent at 29,555. IT stocks continued to reel under selling pressure for the second straight day. The BSE IT index was down 0.4 per cent at 34,600. The BSE Realty index is the other major loser, down 0.8 per cent at 4,177.
On the positive front, the BSE Consumer Durables index has surged a per cent to 44,683, and the FMCG index has added 0.5 per cent. The Auto index has also gained 0.7 per cent, while the Energy index was up 0.4 per cent.Bajaj Auto has rallied 3 per cent to Rs 3,969, and was the top gainer in the Sensex 30. Titan Industries, ITC and Dr.Reddy's were the other prominent gainers, up 1-2 per cent each. On the flip side, HCL Technologies has shed 2.5 per cent at Rs 1,270. Mahindra & Mahindra, Infosys, ICICI Bank and Tech Mahindra are the other notable losers. The market breadth is fairly positive in the first hour of trades, with 1,632 advancing shares versus 1,114 declining stocks on the BSE.
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