Closing Bell: Sensex and Nifty close in red, metal stocks drag
Losses in oil and gas, metal and a few IT stocks pulled the benchmark indices lower, but gains in realty, auto and select financial stocks limited the slide.
Indian equity benchmarks after a day's break resumed the decline and in the volatile session on November 2 amid mixed global cues. During today's trading session the Sensex fell as much as 257 points and the Nifty 50 index touched an intraday low of 17,847.60.
At the closing bell on November 2, the Sensex ended lower by 109.40 points or 0.18% at 60,029.06, and the Nifty was down by 40.70 points or 0.23% at 17,889.00. On the market breadth, around 1851 shares have advanced, 1216 shares declined, and 107 shares are unchanged.
Top gainers on the auspicious occasion of Dhanteras were Maruti Suzuki, NTPC, Titan Company, SBI and L&T. While the top losers of the day were Tata Steel, Reliance Industries, Tech Mahindra and IndusInd Bank.
On sectorial basis, the metal index lost over 1%, while the realty and PSU Bank index were 2-3%. In the broader markets, the BSE midcap and smallcap indices rose 0.5-1%.
The trending stock of the day was Mumbai-based logistics company Allcargo Logistics which was locked in 20% upper circuit at Rs 328.95 after it reported September quarter earnings.
Tata Steel was the top loser, the share price fell 2.71% to close at Rs 1,328.
Sun Pharma stock rose over 2% to close at ₹ 831. The company reported a net profit of Rs 2,047 crore in the second quarter of the current financial year. NTPC soared on commissioning solar power plant in Rajasthan.
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