Trent shares gain as markets start the day heavily in red

Indian equity markets have started the day in red today, 24^th September. At 9:40 a.m. IST, Nifty 50 is down by 93.85 points or 0.37%. Sensex is down by 324.08 points or 0.39%.

Top gainers & losers

Top 3 gainers at Nifty 50 at this time are Trent, Maruti and JSW Steel. Top 3 losers are Tech Mahindra, Tata Motors and Wipro. Maruti’s shares continue to see momentum after demand for small cars went up sharply as lower GST rates came into force. Tech Mahindra, Wipro continue to lose after the H1-B visa fee hike by US government. Tata Motors’ share is losing after Jaguar-Land Rover extended the shutdown of its plants, after a cyberattack.

All the broad market indices in red at this time

The decline is again broad-based today. All the broad market indices are in red at this time. Nifty Midcap 100 index is the top loser among broad market indices, at this time. It is down by 0.55%. Many midcap IT and software stocks continue to see selling pressure. All the sectoral indices, except for Nifty PSU bank index, are in red at this time. Nifty PSU bank index is up by 0.29%.

Market breadth sharply negative

Market breadth is sharply negative at this time. 1100 stocks are advancing at NSE at this time. 1526 stocks are declining. Volatility has increased further. Nifty VIX Index is up by 1.36%.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE