Mumbai, India (BBN) – The BSE benchmark Sensex fell over 160 points in the the mid-session trade owing to heavy selling in realty, auto, healthcare and consumer durables stocks.
Disappointing third quarter earnings posted by Tata Motors and Sun Pharma yesterday mainly dampened the trading sentiment, reports The Hindu Business Line.
At 2.30pm, the 30-share BSE index Sensex was down 161.95 points or 0.57 per cent at 28,177.36 and the 50-share NSE index Nifty was down 46 points or 0.52 per cent at 8,746.30.
Among BSE sectoral indices, realty index fell the most by 2.78 per cent, followed by auto 2.65 per cent, healthcare 1.59 per cent and consumer durables 1.28 per cent.
Only FMCG index was up 0.43 per cent.
Major Sensex losers were Tata Motors (-9.51 per cent), Sun Pharma (-3.79 per cent), Tata Steel (-2.12 per cent), Adani Ports (-1.58 per cent) and Hero MotoCorp (-1.51 per cent), while the major gainers were ITC (+1.53 per cent), HDFC Bank (+0.8 per cent), Reliance (+0.64 per cent), Axis Bank (+0.5 per cent) and Bajaj Auto (+0.49 per cent).
The 30-share Sensex fell further by 69.39 points, or 0.24 per cent, to 28,269.92 with auto, realty, healthcare and consumer durables stocks leading the fall.
The gauge had lost 12.31 points in the previous session.
The NSE Nifty fell by 17.10 points, or 0.19 per cent, to 8,775.20.
Asian stocks scaled 19-month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs.
Spreadbetters saw the boon for equities continuing in Europe, predicting a higher open for Britain’s FTSE, Germany’s DAX and France’s CAC.