SENSEX Dips 0.35% Amidst 78 Advancing Stocks; Bombay Burmah Soars 6.40%
The Indian stock market faced a decline today, with the SENSEX dropping 298.25 points to 84,652.70, despite an initial rise. The index is nearing its 52-week high, just 0.77% away. Out of 38 sectors, only three advanced, led by NIFTYPSUBANK, while the METAL sector suffered a 1.36% loss. The BSE500 showed a stark advance-decline ratio of 78 to 419. Notable gainers included Bombay Burmah and Sundram Fasteners, while Kaynes Technology and Emcure Pharma were among the significant losers, reflecting a challenging trading environment.
The Indian stock market experienced a downturn today, with the SENSEX trading at 84,652.70, reflecting a loss of 298.25 points or 0.35%. After an initial rise of 91.42 points, the index fell sharply, hitting a low of 84,639.13, marking a decline of 403.24 points. Currently, the SENSEX is just 0.77% shy of its 52-week high of 85,290.06.Out of 38 sectors, only three managed to advance, with the NIFTYPSUBANK sector leading the way with a modest gain of 0.09%. In contrast, the METAL sector faced significant losses, dropping by 1.36%. The advance-decline ratio across the BSE500 was notably unfavorable, with 78 stocks advancing against 419 declining.
Among the top gainers in the BSE500, Bombay Burmah led with a rise of 6.40%, followed by Sundram Fasteners at 4.77% and GMR Airports at 3.99%. On the losing side, Kaynes Technology fell by 5.54%, while Emcure Pharma and GMDC saw declines of 3.64% and 3.43%, respectively. Overall, large caps remained flat, with Federal Bank emerging as the top gainer at 1.69%.
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