Category : Market Commentary
Headline : Mid-Session: Sensex falls 400 pts; IT index sinks 3%, HUL, Nestle gain 1%
Date and Time : Dec-09-2022 13:20

Domestic bourses continued to hover in red during the noon trading session despite strength in global peers.

At 13:00 hours, the 30-share benchmark index was trading at 62149.49 down by -421.19 points or by -0.67 % and then NSE Nifty was at 18486.4 down by -122.95 points or by -0.66 %.

Sensex touched intraday high of 62735.42 and intraday low of 62041.99 The NSE Nifty touched intraday high of 18664.7 and intraday low of 18454.75

The top gainers of the BSE Sensex pack were Nestle India Ltd. (Rs. 20116.55,+1.58%), Hindustan Unilever Ltd. (Rs. 2730.00,+1.06%), Titan Company Ltd. (Rs. 2604.70,+0.83%), Dr. Reddy's Laboratories Ltd. (Rs. 4391.00,+0.82%), Sun Pharmaceutical Industries Ltd. (Rs. 988.55,+0.77%), among others.

The top losers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 1026.50,-6.79%), Mahindra & Mahindra Ltd. (Rs. 1039.60,-3.19%), Infosys Ltd. (Rs. 1574.00,-2.84%), Wipro Ltd. (Rs. 394.95,-2.17%), Tata Consultancy Services Ltd. (Rs. 3291.65,-1.75%), among others.

FMCG index was at 16710.12 up by 80.18 points or by 0.48%. Vadilal Industries Ltd. (Rs. 2618.95,+5.52%), Andrew Yule & Company Ltd. (Rs. 26.35,+5.40%), Bajaj Hindusthan Sugar Ltd. (Rs. 15.70,+4.11%), McLeod Russel (India) Ltd. (Rs. 31.20,+3.65%), GRM Overseas Ltd. (Rs. 384.65,+3.01%),. IT index was at 29426.69 down by -824.43 points or by -2.73%. Vakrangee Ltd. (Rs. 26.95,-10.17%), HCL Technologies Ltd. (Rs. 1026.50,-6.79%), DiGiSPICE Technologies Ltd. (Rs. 27.05,-6.40%), Brightcom Group Ltd. (Rs. 33.15,-6.09%), Intellect Design Arena Ltd. (Rs. 430.05,-4.92%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3755 , shares advanced were 1283 while 2312 shares declined and 160 were unchanged.