Indices close near days low; metals, media and realty plunge

BPCL, Hero MotoCorp, and Divi’s Labs emerged as the top gainers while UPL, Hindalco & Tata Steel were the top losers.

Market update at 3.30 PM: Indices remained under pressure throughout the day while Nifty closed at 15,400. It has slipped 1.52 per cent while Sensex tanked about 710 points. Nifty Midcap and Nifty Smallcap lost over 1.63 per cent & 1.41 per cent, respectively.   

Among the sectors, metals, media, and realty witnessed strong profit booking. However, PSU banking stocks saw a good upside.   

BPCL, Hero MotoCorp, and Divi’s Labs emerged as the Top Losers. Meanwhile, India VIX closed higher by 0.74 per cent.  

Heads shall turn towards the global market for further anticipation of the market trend. 

Market update at 12.40 PM: Indices witnessed selling pressure at higher levels while Nifty plunged to its day’s low. It is down by 1.35 per cent while Sensex has lost about 650 points. Meanwhile, Nifty Midcap and Nifty Smallcap also tumbled nearly 1.50 per cent each.  

Among the sectors, PSU banks are flat while metal, energy, and media continue their bearishness. BPCL, Hero MotoCorp, and TCS are the top gainers amongst Nifty stocks while Hindalco, JSW Steel & Tata Steel are the top losers.   

The advance-decline ratio stands at 647:1,244, indicating weak market breadth.  

Market update at 9.20 AM: Indices have opened lower while Nifty tumbled 0.67 per cent. Sensex lost about 300 points at the beginning of the session. Meanwhile, Nifty Midcap has slipped nearly a per cent while Nifty Smallcap plunged half a per cent.  

The pharma index is flat while the rest of the sectoral indices witnessed profit booking. Energy and metal stocks bleed.   

India VIX is flat for now.  

Pre-market update: Last night, the US markets closed significantly higher. Both Nasdaq, as well as Dow Jones, closed higher by 2 per cent. However, the US futures are slightly down today, due to which, the Asian markets have opened lower. Besides, SGX Nifty indicates a loss of 50 points.
Crude oil has slipped further towards USD 110 per barrel. Thus, energy stocks are likely to be under pressure.
In the last trading session, the FIIs have sold to the tune of Rs 2,701 crore while the DIIs bought about Rs 3,066 crore worth of equity.
Nifty is likely to open below 15,600 while the first hour shall be keenly watched to anticipate the trend of the day.