In the current stock market scenario, both key equity indices, Sensex and Nifty, are experiencing fluctuations and trading in the red. As of 10 am, the BSE Sensex recorded a decline of 109 points, reaching 71,375, while the NSE Nifty50 was at 21,440, down 17 points.
On the Sensex platform, ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank registered losses, contributing to the downward trend. Conversely, early gainers included Sun Pharma, Reliance Industries (RIL), Titan, Bajaj Finance, Hindustan Unilever (HUL), and Wipro. JSW Steel faced a decline of over 3 percent due to controversies surrounding JSW Group chief Sajjan Jindal.
In the broader market, the BSE Midcap index maintained stability, while the SmallCap index saw a marginal gain of 0.3 percent.
The pharma sector showed resilience by gaining 1 percent, contrasting with slight sell-offs observed in the bank, power, and realty sectors.
Internationally, Asian markets displayed a mixed trend, with Japan’s Nikkei down over 1 percent ahead of the Bank of Japan’s monetary policy decision. Hang Seng also experienced a nearly 1 percent decline, while Shanghai and Kospi slipped around 0.5 percent each.
During the previous session on Friday, the S&P BSE Sensex demonstrated a significant rise of 970 points, closing at 71,484. Simultaneously, the NSE Nifty50 concluded at 21,457, marking a gain of 274 points. Investors are closely monitoring market dynamics and sectoral movements amid the ongoing volatility.
