Sensex slips 160 points after opening in the green; investors cautious ahead of US Federal Reserve meeting
Selling pressure was witnessed in the auto, FMCG and IT stocks
Mumbai: The key Indian equity indices traded on a negative note during the afternoon session on Wednesday after they opened on a positive note, with the S&P BSE Sensex losing around 160 points so far.
Investors were cautious ahead of the US Federal Reserve's monetary policy meet later in the day, analysts said.
Selling pressure was witnessed in the auto, FMCG and IT stocks.
At 12.57 p.m., the NSE Nifty50 traded at 11,039.75 points, lower by 27.70 points or 0.25 percent from the previous close.
The BSE Sensex, which had opened at 36,936.64 points, traded at 36,492.59 points, down 159.47 points or 0.44 percent from the previous close of 36,652.06 points.
So far, it has touched an intra-day high of 36,938.74 points and a low of 36,416.34.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices