MARKET UPDATE:Sensex fell 210 points in early deals at 60,113 levels while Nifty at 17,939-mark
Published On: Wednesday, November 17, 2021 | By: Team KnowMyStock
The downtrend in the domestic equities extended today(17TH Nov.2021) also as a global rating agency, Fitch rating's, negative outlook on India weighed on sentiment. Besides, Sebi's proposal to tweak rules governing initial public offerings (IPOs) to bring in more transparency and accountability kept investors on the edge. The BSE Sensex fell 210 points, or 0.35 percent, in early deals at 60,113 levels while the Nifty50 was at 17,939-mark. Trends in the broader markets were mixed with the Midcap index down 0.02 percent and SmallCap index up 0.25 percent. Axis Bank, RIL, Grasim Industries, UPL, HDFC twins, and Divis Labs were the top laggards on the Nifty while Asian Paints, SBI Life, Maruti Suzuki, and Eicher Motors helped limit downside.
In the broader market space, shares of IndiGo airlines and Spicejet fell 0.6 per cent and 0.4 per cent, respectively, amid reports that Akasa Air, the Indian low-cost airline backed by billionaire investor Rakesh Jhunjhunwala, has placed an order for 72 Boeing 737 MAX aircraft.
On the contrary, shares of Pfizer gained 0.3 per cent after it allowed generic manufacturers to supply its experimental antiviral Covid-19 pill to 95 low- and middle-income countries through a licensing agreement with international public health group Medicines Patent Pool (MPP).
Sectorally, the Nifty Private Bank index was the biggest loser (down 0.7 per cent). The Nifty IT index (up 0.2 per cent), meanwhile, was the top gainer on the NSE.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
