India’s stock benchmarks recovered from day’s low, but still traded with losses, dragged by losses in information technology, banks, consumer durables, metals and healthcare stocks. The S&P BSE Sensex and NSE Nifty 50 look on course to log the worst week in nearly two months.
Sensex fell 0.44%
The Sensex fell 0.44% to 59,203.71. The 30-stock gauge shed nearly 800 points (1.31%) in intraday trade to 58,683.01. The Nifty 50 declined by similar magnitude to 17,672.15. The 50-stock gauge fell to an intraday low of 17,525.35.
The S&P BSE MidCap underperformed its larger peers, losing 0.8% while the S&P BSE SmallCap almost mirrored Sensex and Nifty. Barring S&P BSE FMCG, Auto indices, all the other 17 sectoral indices compiled by BSE Ltd. declined, with S&P BSE Telecom and Consumer Durables falling over 1.7%.
The market breadth was skewed in the favour of bears. About 1,311 stocks advanced, 1,969 declined and 108 remained unchanged.
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