Stock Market
Bloodbath on Dalal Street? Sensex slips 200 points, Nifty below 25,700 as panic selling continues
Mumbai/IBNS: The Indian equity benchmark indices traded in the red on Wednesday morning, with the BSE Sensex slipping around 200 points and the NSE Nifty 50 hovering below the 25,700 mark at the opening bell, media reports said.
More than an hour into the session, the market remained firmly negative, with Sensex trading about 190 points lower and Nifty down by 59 points.
Market sentiment continued to remain cautious amid persistent foreign investor selling and firm crude oil prices, which weighed on investor confidence.
In the opening hour, Omaxe Ltd. (-5.38%), Ajanta Pharma Ltd. (-2.28%), Asahi India Glass Ltd. (-2.25%), Tata Elxsi Ltd. (-2.13%) and Prestige Estates Projects Ltd. (-2.03%) emerged as the top losers.
On the other hand, MMTC Ltd. (7.87%), KIOCL Ltd. (5.65%), Mishra Dhatu Nigam Ltd. (3.70%), Maharashtra Scooters Ltd. (3.68%) and Foce India Ltd. (3.52%) were among the top gainers during the first hour of trade.
After posting gains on Monday, the market ended lower on Tuesday, with the Sensex closing 250.48 points down at 83,627.69.
The NSE Nifty 50 also settled in the red, ending 57.95 points lower at 25,732.30.
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