MARKET UPDATE:Sensex slips 300 points aand Nifty below 11,000-mark
Published On: Monday, August 3, 2020 | By: Team KnowMyStock
Equity markets in India started the first trading session of August on a weak start, extending its consolidation phase from the previous week. The benchmark S&P BSE Sensex tanked 290 points, or 0.77 percent, to trade at 37,317 levels in early deals amid selling in financial counters. IndusInd Bank, HDFC Bank, and HDFC Bank, down between 1.5 and 2 percent, were the top laggards on the Sensex index, followed by weakness in HDFC, Bajaj Finance, and Reliance Industries. On the upside, Maruti Suzuki, Bajaj Auto, and M&M were the top gainers on the benchmark index on the back of healthy July auto sales figures. That apart, Bandhan Bank skid over 8 percent on the BSE after 356 million equity shares changed hands on the counter in a block deal. The broader Nifty50, meanwhile, was testing 11,000 level, down 73 points or 0.0.66 percent.
Sectorally, Nifty Auto Index gained over 2 per cent, while Nifty Private Bank index slipped 2 per cent on the NSE.
In the broader market, S&P BSE MidCap index was at 13,772.62 level, up 0.13 per cent; S&P BSE SmallCap index was at 13,059.56 level, up 0.4 per cent.
Tags: Indian equity market
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