In today’s trading session, the Indian stock market witnessed a decline, with the key equity benchmarks, Sensex and Nifty, experiencing a drop. The market opened flat but quickly turned red due to weakness in Asian cues and increased volatility. As of 9.55 AM, the BSE Sensex fell by 96 points to 65,383, while the NSE Nifty was down 11 points, trading at 19,378.
Early Losers on the Sensex Platform
Several prominent companies faced losses in the early trading hours on the 30-share Sensex platform. Among the early losers were HDFC twins, Wipro, Bajaj Finserv, Infosys, and Axis Bank. On the flipside, IndusInd Bank, ICICI Bank, Asian Paints, Maruti, L&T, and PowerGrid emerged as gainers.
Strides Pharma’s Significant Loss
Strides Pharma witnessed a significant decline of 5 per cent after its biologics arm, Stelis Biopharma, signed a pact to sell its multi-modal facility in Bengaluru for Rs 702 crore to Syngene.
Broader Markets Show Mixed Performance
While the BSE Midcap and Smallcap indices rose up to 0.4 per cent, the Nifty Financials and Realty indices declined by 0.2-0.6 per cent. Other sectors in the market held tepid gains.
Previous Session’s Performance
In the previous trading session on Tuesday, the S&P BSE Sensex had settled at 65,479, marking a gain of 274 points. Meanwhile, the NSE Nifty50 had closed 66 points higher at 19,389.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
