Stock Market Updates: Sensex Down 200 pts, Nifty Below 19,400; IndiGo Dips 4% - News18

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Last Updated: August 16, 2023, 09:44 IST

Sensex Today: Equity markets were off to a weak start in Wednesday’s trade, led by losses in banking and financial names. Frontline indices the S&P BSE Sensex declined 350 points to 65,032 levels, whereas Nifty50 lost over 100 points to slip below 19,350-mark.

Broader markets, too, witnessed selling pressure as Nifty Midcap 100 and Nifty Smallcap 100 indices declined up to 0.5 per cent.

Sectorally, Nifty Financial Services index was the worst hit (down 1 per cent), followed by Nifty Bank (down 0.9 per cent), and Nifty Metal indices (down 0.8 per cent).

On the flipside, Nifty FMCG, Nifty Media, and Nifty IT indices outperformed the benchmark indices, surging up to 0.7 per cent.

Among individual stocks, shares of ITC gained 1 per cent in a weak market after the conglomerate’s consolidated net profit rose 16.29 per cent YoY in the June-ended quarter.

Besides, shares of Infosys rose 1 per cent after the IT services company signed a multi-year deal with Liberty Global.

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her ...Read More

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