Business
Sensex down 132 points; healthcare stocks fall
Mumbai, May 26 : A day after it lost over 300 points, a benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading deep in the red during the mid-afternoon session on Tuesday.
It was trading down 132 points or 0.50 percent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the negative zone. It was down 41 points or 0.50 percent at 8,329.50 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,633.66 points, was trading at 27,511.78 points (at 1.50 p.m.), down 132.10 points or 0.48 percent from the previous day's close at 27,643.88 points.
The Sensex has touched a high of 27,675.94 points and a low of 27,511.78 points in the intra-day trade so far.
On Monday, the Sensex closed over 300 points or 1.00 percent down due to some poor corporate results and indications of a sooner-than-anticipated hike in the US interest rates.
The Nifty also closed the day's trade in the red. It was down 89 points or 1.05 percent at 8,370.25 points.
The main concern for the markets was the uneven corporate results for the fourth quarter for the last fiscal, as also some remarks by the US Fed that the rate hike could come earlier than what the markets had discounted for.
Sector-wise, healthcare, capital goods, oil and gas, fast moving consumer goods (FMCG), automobile and banking stocks came under selling pressure. However, metal and technology, entertainment and media (TECK) scrip gained.
The S&P BSE healthcare index dived by 115.92 points, capital goods index receded by 89.54 points, oil and gas index declined by 75.43 points, FMCG index decreased by 69.20 points, automobile index fell by 56.17 points and banking index was down 54.83 points.
However, metal index was slightly higher by 3.36 points and TECK index was marginally up by 2.51 points.
5 hours ago
At diaspora event, PM Modi projects India as confident emergent power, accelerator of peace
7 hours ago
When India speaks, the world listens: PM Modi tells diaspora
7 hours ago
We are voice of Global South...world listens when India speaks: PM Modi
8 hours ago
'Made in India' chips will run devices globally: PM Modi highlights India's manufacturing ambition at New York community event
10 hours ago
PM Modi in New York talks about 'Pushp' as way forward
10 hours ago
We are putting in all possible efforts to host the 2036 Olympics": PM Modi in New York
10 hours ago
PM Modi praises President Biden's hospitality: "His warmth touched my heart"
11 hours ago
India to open two new consulates in Boston & Los Angeles: PM Modi
11 hours ago
America-India is the AI power of the new world: PM Modi
12 hours ago
Have always understood capabilites of Indian diaspora...I call you Rashtradoot: PM Modi in New York
12 hours ago
India's 'Namaste' has become multinational, "local se global ho gaya": PM Modi tells diaspora in New York
12 hours ago
PM Modi given thunderous welcome at Nassau Coliseum, to address Indian diaspora in US shortly
15 hours ago
Security heightened for PM Modi’s New York rally