Sensex now down more than 700 points
Metal stocks lead the losses with JSW Steel and Tata Steel down more than 2 per cent.
Relentless selling across the board pulls Nifty down by 260 pts
The Sensex fell 825.74 points to close at 64,571.88.
Small cap indices come under selling pressure
Among the Small Cap index components, PNB Gilts is down 12 per cent, Ion Exchange is down 9 per cent, Onward Technologies is down 9 per cent, Kirloskar Brothers is down 8 per cent, HCC is down 8 per cent, Rajratan Global Wire is down 8 per cent, Vascon Engineers is down 8 per cent, Vimta Labs is down 8 per cent.
Tata Steel, Maruti, Tata Motors top losers as Sensex trades down
Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said the Nifty once again witnessed a gap down opening with a weak intraday session with crucial support of 19,500 zone sustained as of now and is precariously placed with sentiment maintained with a cautious approach.
Financials lead Sensex down
"While hoping that things won’t get worse let us look at the broad trends. In spite of the tragic geopolitical developments, globally markets are resilient. There are two main reasons for this. One, the US economy continues to be strong and this is supporting the mother market and thereby other markets, too. Two, the market view is that the Fed (Federal Reserve) will succeed in soft landing the US economy and avert a recession," he added.
Nifty surpasses 19800 mark on all round buying
At the closing bell, the Sensex was up by 261.16 points or 0.39 per cent, reaching 66,428.09, and the Nifty gained 79.70 points or 0.40 per cent, closing at 19,811.50.
Market momentum with bulls: Possibility of moving up further likely
BSESENSEX gained 287.11 points or 0.44 per cent to close at 66,282.74 points while NIFTY gained 97.55 points or 0.50 per cent to close at 19,751.05 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.55 per cent, 0.56 per cent and 0.58 per cent respectively. BSEMIDCAP was up 0.71 per cent while BSESMALLCAP was up 0.86 per cent.
Results of IT majors struggling with weak numbers impacting market
Leading banking names have the strength to continue supporting the market, he said.
Cyber protection company Acronis lays off employees amid restructuring
“We will prioritise projects and initiatives that immediately benefit our partners: Best-in-class product capabilities, reliability and performance, top-notch technical and business education, and increased sales and marketing support,” Acronis said in a blog post.
Nifty ends lower as IT sector comes under pressure
The Small-cap index rose 0.6 per cent even as the advance decline ratio fell to 1.38:1.