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(20/07/2021 14:50)

Markets under pressure; Metal, Realty stocks weigh

Domestic bourses were trading lower during the noon trading session amid selling in index heavyweights including IndusInd Bank Ltd, Tata Steel Ltd. , Bharti Airtel Ltd. , NTPC Ltd. HCL Technologies among others.

As per experts, rising inflation and anticipation of lower-than-expected economic growth is weighing on investor sentiment.

At 14:38 hours, the 30-share benchmark index was trading at 52266.73 down by -286.67 points or by -0.55 % and then NSE Nifty was at 15660.35 down by -92.05 points or by -0.58 %.

Sensex touched intraday high of 52465.03 and intraday low of 52013.51 The NSE Nifty touched intraday high of 15728.45 and intraday low of 15578.55

The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 3139.50,+5.38%), UltraTech Cement Ltd. (Rs. 7443.25,+1.79%), Hindustan Unilever Ltd. (Rs. 2444.70,+1.42%), Maruti Suzuki India Ltd. (Rs. 7226.50,+0.84%), Bajaj Auto Ltd. (Rs. 3911.05,+0.72%), among others.

The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 983.95,-3.14%), Tata Steel Ltd. (Rs. 1236.80,-2.33%), Bharti Airtel Ltd. (Rs. 526.50,-2.19%), NTPC Ltd. (Rs. 118.70,-2.18%), HCL Technologies Ltd. (Rs. 978.55,-2.16%), among others.

Among the sectors, _FMCG index was at 13618.67 up by 26.11 points or by 0.19%. Agro Tech Foods Ltd. (Rs. 1114.05,+9.97%), CCL Products India Ltd. (Rs. 387.85,+1.82%), Hindustan Unilever Ltd. (Rs. 2445.45,+1.45%), Marico Ltd. (Rs. 529.30,+0.70%), Godrej Consumer Products Ltd. (Rs. 949.10,+0.53%),.

Metal index was at 18800.08 down by -420.94 points or by -2.19%. Hindalco Industries Ltd. (Rs. 384.60,-3.11%), Jindal Steel & Power Ltd. (Rs. 381.90,-2.95%), Steel Authority of India (SAIL) Ltd. (Rs. 122.95,-2.92%), Vedanta Ltd. (Rs. 257.85,-2.66%), JSW Steel Ltd. (Rs. 681.25,-2.46%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3546 , shares advanced were 1176 while 2227 shares declined and 143 were unchanged.