MARKET LIVE: Sensex off day’s low, down 600pts; RIL, Airtel lead recovery


 The key benchmark indices extened losses in intraday trades on Tuesday tracking subdued sentiment overseas.

The BSE Sensex was seen testing the 55,000-mark, down 650 points, while the NSE Nifty shed 180 points to slip below 16,400 level.   

Among the Sensex 30 stocks, Titan plunged 5 per cent. Dr.Reddy’s, Hindustan Unilever, Bajaj Finance, Larsen & Toubro, UltraTech Cement, Asian Paints and Bajaj Finserv were the other major losers. 

In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 1 per cent each. 

Sectorally, consumer durables, financials, auto, realty, and banks led losses on the Nifty, down up to 2 per cent. Nifty IT, and FMCG were other notable losers. 

Among stocks, shares of PB Fintech, which operates online insurance broker Policybazaar and loan marketplace Paisabazaar, plunged 10 per cent on the BSE after Yashish Dahiya, chairman executive and CEO of the company revealed his plan to sell up to 3.77 million equity shares through open market. Read here


Source link