Stock Market Dips: Sensex Slides 400 Points, Nifty Below 21,600; HUL, Tech Mahindra, M&M Lead Losses

BSE 500 Stocks Witness Decline: Sparc, Bandhan Bank, Navin Fluorine, Godrej Consumer Among the Losers, Falling Up to 5.83%

Market Uptick: Sensex Gains Over 100 Points, Nifty Hovers Around 21,750; Alok Industries, Garware Technical Fibres Surge Up to 10%

SUMMARY

• Market Update: Nifty Bank, Nifty IT, and Nifty Metal Experience Declines of up to 0.91%
• Mixed Performance: Infosys, UPL, Divi’s Labs, and HUL Among Top Laggards, Slipping Up to 2.61%
• Market Breadth Analysis: Mixed Signals with 1915 Shares Advancing and 1959 Declining on BSE

Indian Markets Witness Afternoon Decline:

In the afternoon session on Monday, the Indian equity benchmarks experienced a downturn. The 30-share BSE Sensex declined by 420 points, reaching 71,605, while the NSE Nifty saw a loss of 125 points, trading at 21,585. The global scenario was marked by subdued activity in Asian markets, with investors awaiting key US inflation data.

Investor Activity Snapshot: FIIs Purchase Rs 1,696.86 Crore Worth of Shares, While DIIs Offload Rs 3,497.62 Crore in the Previous Session

In the recent trading session, foreign institutional investors (FIIs) displayed a net buying activity, acquiring shares worth Rs 1,696.86 crore. Conversely, domestic institutional investors (DIIs) engaged in selling activities, offloading stocks amounting to Rs 3,497.62 crore.

Sectoral Movements and Stock Performance: Nifty Bank, Nifty IT, Nifty Metal Experience Declines, While Adani Ports Emerges as Top Gainer; Infosys, UPL, Divi’s Labs, HUL Among Top Laggards

In terms of sectoral indices, Nifty Bank, Nifty IT, and Nifty Metal witnessed declines of up to 0.81%, 0.81%, and 0.91%, respectively.

On an individual stock basis, Adani Ports emerged as the top gainer in the Nifty pack, registering a 1.49% increase to trade at Rs 1171.45.

Other gainers included ONGC, HCL Tech, and Bajaj Auto, climbing up to 0.95%.