Sensex down 150 points, Nifty below 9,150 as telecom, IT stocks fall

Market, NSE, BSE, Sensex, Nifty

Latest News – The benchmark indices on Monday continued to trade lower tracking muted trend seen in Asian markets, while back home losses in the stock of Idea Cellular pulled the Nifty index down.

 

At 1:30 pm, the S&P BSE Sensex was trading at 29,496, down 152 points, while the broader Nifty50 was ruling at 9,122, down 38 points.

 

In the broader market, BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%, respectively.

 

 

The market breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 1,224 shares declined and 1,199 shares rose. A total of 180 shares were unchanged.

 

Shares of Idea Cellular turned volatile and was the leading Nifty loser after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company.

 

The stock rallied 15% to Rs 124 in the early trade only to  (Read More)

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