Benchmarks were trading more than 1% lower on Wednesday afternoon.
The market started off on a weak note as investors remained cautious with Tuesday’s rebound faltering. The market extended losses, following signals from global markets, with benchmarks trading lower amid widespread selling.
As of 1 p.m., the BSE Sensex traded at 51,858.00, down 674.07 points or 1.28%, near the low of the day at 51,825.50. It recorded an intraday high of 52,272.85. The Nifty 50 was also trading near the daily low of 15,407.50 to 15,418.25, down 220.55 points or 1.41%.
It recorded an intraday high of 15,565.40.
BPCL, Hero Motocorp, Hindustan Unilever, TCS and Maruti were the main winners of the Nifty 50 while UPL, Hindalco, ONGC, JSW Steel and Tata Steel were the main losers.
Fall of lead from metals
On the sector front, all indices except Nifty PSU Bank were in the red, with metals posting the highest losses.
Nifty Metal lost more than 4%. Nifty Oil & Gas was down more than 2%. Nifty Realty and Nifty Consumer Durables were down nearly 2% each, while Nifty Pharma and Nifty Healthcare Index each traded down 1.5%. Nifty Bank, Nifty Financial Services, Nifty Private Bank, Nifty IT and Nifty FMCG each fell more than 1%.
The broader market also continued to face pressure with broader indices in the red.
Nifty Midcap 50 was down 1.5% while Nifty Smallcap 50 was down 1.16%. The S&P BSE Midcap was down 1.42% while the S&P BSE Smallcap was down 0.93%.
The volatility index rose 2.30% to 21.63.
June 22, 2022