Markets Live: Sensex, Nifty Decline; L&T Construction Wins Major Order
Electronic board indicating the latest stock figures are reflected in a glass facade at the National Stock Exchange of India Ltd. (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Markets Live: Sensex, Nifty Decline; L&T Construction Wins Major Order

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Current Market Update

Benchmark Indices Trade Near The Day's Low

  • Nifty down 0.5% at 14,800
  • Sensex down 0.5% at 49,515
  • Nifty Bank down 1% at 32,463
  • Nifty Midcap index down 0.1%
  • Nifty Smallcap index up 0.2%
  • India Volatility Index down 0.7% to 20.17
  • Nifty Pharma index is the top sectoral gainer; up 2.3%
  • Nifty PSU Bank index is off the day's high; up 1.6%
  • FMCG index gains 0.7% while I.T. and Media indices up 0.4% each
  • Nifty Metal index is the top sectoral laggard; down 2.1%
  • Nifty Auto and Nifty Realty indices decline over 0.5% each
  • Cipla is the top Nifty gainer; up 4.5%
  • Three out of the top five Nifty gainers are Pharma stocks
  • Bajaj Finance & Tata Steel are the top Nifty laggards; down 3.4% each
  • 984 stocks on the NSE trade with gains while 858 are declining

India Cements At Three-Year High

  • Among top gainers on the Nifty Smallcap index
  • Gains as much as 6.4% to Rs 195
  • Trades at the highest since January 2018
  • Up for the second straight day
  • Today's volumes are more than 10 times its 20-day average
  • One-month implied volatility is 58%
  • Relative Strength Index (RSI) of the stock at 67.5
  • Two out of the 11 analysts tracking the stock have a buy rating; seven sell calls
  • The stock trades 24.9% higher than its 12-month Bloomberg consensus price target of Rs 145.3

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