Nifty 50 and Sensex Down: Mid-Day Market Review

The Indian benchmark indices Nifty 50 and Sensex returned to positive territory after witnessing continuous red sessions. At 09:15 AM, Nifty 50 stood at 23,390.20, down 128.30 points, or 0.55% and Sensex stood at 77,711.11, down 291.24 points or 0.38%. PSU Bank, Media and Realty stock witnessed high selling pressure. In addition, Adani Group stock witnessed a major sell-off on bribery charges in the US Court.

At 12:25 PM, Nifty 50 fell 0.71% to 23,352.05 while Sensex fell 0.55% to 77,148.90. 36 out of 50 stocks on Nifty 50 were trading in the red. The top losers on NSE were Adani Enterprises, Adani Ports, SBI Life and others.

Sectoral Trend

Around 12:25 PM, Nifty PSU Bank, Nifty Media, and Nifty Metal fell the most with a drop of 2.72%, 1.69% and 1.63%, respectively. Nifty Realty rose 1.14%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.