A maturing market amid the mayhem
Sensex down 0.77 pct led by Reliance
Worries about the global economy and corporate results weighed on investor sentiments throughout trade, which saw the benchmark hitting the day’s low of 13,220.
The fall in the index was led by Reliance Industries, which lost 1.7 percent, and L&T which dropped 2.1 percent. Reliance Infra was the top index loser with a slump of over 6 percent.
The BSE Info Tech index bucked the trend and gained 1.7 percent with stocks such as HCL Tech and Infosys adding 2.8 and 2.4 percent respectively.
On the other hand, the BSE Consumer Durables Index was the worst hit with losses of 5.6 percent, followed by the realty and metal indices, both dropping over 3.5 percent.
The mid-cap index lost 2.8 percent, with stocks such as SREI Infra dropping 17.8 percent and Bajaj Hindustan losing 12.7 percent.
The Sensex has begun the week on a downward trend. Do you see any signs of a bounce back soon?