The Indian stock market, influenced by global cues, is witnessing high levels of volatility as all markets are showing weak trends.
Accordingly, the S&P BSE Sensex index fell 490 points to touch 58,525 after the market opened and the broader NSE Nifty 50 fell 204 points to 17,425, down 204 points from its previous close.
However, it managed to make up for losses and bounce back into positive territory – the Sensex again surpassed the 59,000-mark with a gain of nearly 200 points at the day’s high.
However, the BSE benchmark index once again slipped into the red due to continued selling pressure in Tata Steel, HDFC and SBI among others. However, FMCG giants Hindustan Unilever and ITC are trading strongly. The Sensex was down 535 points at 58,480 at 3.22 pm.
The broader market has also now declined by 191 to reach 17,388.
Barring Nifty FMCG, all other sectoral indices were trading with heavy losses in metals, PSU banks, financial services, auto and realty indices.
HUL was the top gainer in the early hours of trading on Nifty 50, while other stocks like ONGC, ITC, HCL outperformed.
On the other hand Tata Steel was the weakest performer along with JSW Steel, Hindalco, Adani Ports.
Markets across the world have been down while Asian markets were close to holidays in the past weak days.
live TV
#Mute
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var title, imageUrl, description, author, shortName, identifier, timestamp, summary, newsID, nextnews;
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$('meta[name=description]').attr("content",$(this).children().find('.left-block').attr('data-summary'));
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$('meta[name=news_keywords]').attr("content",$(this).children().find('.left-block').attr('data-keyword'));
pSUPERFLY.virtualPage(prevLoc,$(this).children().find('.left-block').attr('data-title'));
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//console.log("Keyword: " + $(this).children().find('.left-block').attr('data-keyword'));
//history.pushState('' ,'', prevLoc);
loadshare(prevLoc);
}
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}
});
if(lastHeight + last.height() < $(document).scrollTop() + $(window).height()){
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url = $(next_selector).attr('href');
x=$(next_selector).attr('id');
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/*setTimeout(function(){
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//loadDisqus(jQuery(this), disqus_identifier, disqus_url);
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});
//$( ".content-area" ).click(function(event) {
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function disqusToggle() {
var id = $(this).attr("id");
$("#disqus_thread1" + id).toggle();
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//$(".main-rhs2395627").theiaStickySidebar();
var prev_content_height = $(content_selector).height();
//$(function() {
var layout = $(content_selector);
var st = 0;
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