Sensex Down By 100 Points, FMCG Provides Support

The Indian markets continued its downward movement for the third straight day due to weak global trend and profit booking in some sectors. In the afternoon trading session at 12:35 PM, Nifty is trading with a loss of 37 points at 5876 and Sensex is trading at 19,448, down by 115 points. Both the indices are trading down in the range of 0.61% to 0.68%.

The advance-decline ratio is on a negative side in the afternoon trading session. On the NSE, 986 shares are trading in red and 385 shares are trading in green. 

Top 5 NSE Gainers: Asian Paints is the top gainer on NSE, trading up by 1.21%, followed by Sun Pharma, Bharti Airtel, HCL Technologies and Coal India. 

Top 5 NSE Losers: Hindalco Industries is trading down by 2.97% and is among the top losers on NSE, followed by Jindal Steel and Power, ONGC, Axis Bank and GAIL. 

12 out of 13 sectors are trading in red. FMCG is the lone sector trading in a positive zone in the afternoon trading session. Consumer Durables is the top loser in the sectoral indices, down by 1.55%, followed by Bankex and Auto. 

The Asian peers continue to witness profit booking. Hong Kong’s Hang Seng is trading lower by 1.30%, followed by Shanghai Composite, Strait Times and Nikkei 225. KOSPI and Taiwan Weighted are trading flat with a positive bias. 

Buzzers: A2Z Maintenance And Engineering Services has tanked 13% to Rs 22.30, extending its 20% fall in the past three trading sessions on the NSE after the company said that an investor Rakesh Jhunjhunwala and his family sold more than one million shares of the company through open market transactions. 

The Auto parts and Equipment maker Motherson Sumi Systems has rallied more than 4% in a sluggish market over heavy volumes. The stock has registered a fresh 52-week high on the NSE. 

The markets continue to consolidate in a narrow band of 15 points.