Nifty 50 Holds Above 24,080; Sensex Slips 151 Points as IT, Metal Stocks Drag
Join Us
Follow Us
As of 2:00 PM, the Nifty 50 was trading 29 points, or 0.12 per cent, higher at 24,080.55. The Sensex, however, slipped 151 points, or 0.20 per cent, to 77,205.60 after turning negative from the day's high.
✨ Key Takeaways
The Indian stock market gave up a significant portion of its Intraday gains during afternoon trade on selling pressure in IT, metal and pharma stocks.
As of 2:00 PM, the Nifty 50 was trading 29 points, or 0.12 per cent, higher at 24,080.55. The Sensex, however, slipped 151 points, or 0.20 per cent, to 77,205.60 after turning negative from the day's high.
The broader market continued to outperform the benchmark indices. The Nifty MidCap index advanced 0.49 per cent, while the Nifty SmallCap index gained 1.04 per cent, reflecting sustained buying interest in mid- and Small-Cap stocks.
Among sectoral indices, the Nifty Chemical, Nifty PSU Bank, and Nifty Financial Services indices emerged as the top performers. On the other hand, the Nifty IT and Nifty Metal indices remained under pressure, weighing on the broader market. Pharma shares also contributed to the decline, leading the benchmark indices to surrender most of their earlier gains.
Disclaimer: The article is for informational purposes only and not investment advice.