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MARKET LIVE: Sensex falls 300 points, Nifty breaches 13k; IT stocks drag
LIVE Market updates: HDFC Bank joined the elite club of Rs 8-trillion m-cap on the BSE after its share price hit a new lifetime high
Topics
MARKET LIVE | Markets | stock market
SI Reporter |
Last Updated at November 25, 2020 11:23 IST
EVENT HIGHLIGHTS
BSE-1 (Photo credit: Kamlesh Pednekar)
The Indian markets climbed off their record lifetime highs clocked earlier in the day, and slipped into the red in Wednesday's late morning deals, dragged mainly by tech stocks.
Among headline indices, the S&P BSE Sensex was trading 300 points, or 0.7 per cent, down at 44,200 levels. The index earlier hit a fresh lifetime high of 44,825. The Nifty50 index had also surpassed the 13,100-mark, but was trading 61 points lower at 12,980 levels.
Nestle India, Tech Mahindra, Asian Paints, Bajaj Finance, and Kotak Mahindra Bank slipped 1 per cent each and were the top Sensex losers.
Meanwhile, HDFC Bank joined the elite club of Rs 8-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 1,464 after rising nearly 2 per cent intra-day. READ MORE
The Nifty sectoral indices were trading mixed. In intra-day deals, Nifty Bank index had risen to over 9-month high, while surpassing the level of 30,000.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.12 per cent and 0.3 per cent higher, respectively.
Among headline indices, the S&P BSE Sensex was trading 300 points, or 0.7 per cent, down at 44,200 levels. The index earlier hit a fresh lifetime high of 44,825. The Nifty50 index had also surpassed the 13,100-mark, but was trading 61 points lower at 12,980 levels.
Nestle India, Tech Mahindra, Asian Paints, Bajaj Finance, and Kotak Mahindra Bank slipped 1 per cent each and were the top Sensex losers.
Meanwhile, HDFC Bank joined the elite club of Rs 8-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 1,464 after rising nearly 2 per cent intra-day. READ MORE
The Nifty sectoral indices were trading mixed. In intra-day deals, Nifty Bank index had risen to over 9-month high, while surpassing the level of 30,000.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.12 per cent and 0.3 per cent higher, respectively.
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