Sensex falls 659 points; Auto, PSU stocks drag market

India benchmark indices fell practically 1 per cent on Monday, following a destructive pattern in Asian friends. At 10:00 a.m., Sensex was down by 659 factors or 0.93 per cent at 71,989 factors, and Nifty was down by 201 factors or 0.91 per cent at 21,854 factors.

Nifty small cap was down by 335 factors or 2.08 per cent at 15,771 factors and the Nifty mid cap was down by 763 factors or 1.54 per cent at 48,769 factors.

Sectorally, Nifty Auto was the highest loser, down by 2.88 per cent. Nifty PSU Bank and Nifty Energy indices had been down by 2.88 per cent and 1.93 per cent, respectively.

1,282 shares had been in pink mark and 738 shares had been in inexperienced mark on NSE

On Sensex, 29 out of 30 shares had been on the pink mark and 1 one share was on the inexperienced mark.

Tata Motors, Tata Steel, JSW Steel, SBI, NTPC, and Power Grid are the highest losers. Only Sun Pharma is within the inexperienced.

According to the brokerage agency Prabhudas Lilladher, “Nifty witnessed a major slide throughout the week, with a 22,000 zone sustained as of now with bias maintained with a cautious method and 21,750 ranges because the essential assist base. A decisive breach above the numerous 50 EMA degree of twenty-two,230 is critical to enhance the bias and set up conviction for additional rise.”

“Sensex has shaped an INSIDE BAR PATTERN on the each day chart, and a decline under 72,300 will drag the index right down to 71,500. The assist for the day is seen at 72,000/21,900 ranges, whereas the resistance could be at 73,100/22,200 ranges.”

(With inputs from IANS)