Bourses add losses in late afternoon session

The BSE Sensex is currently trading at 64073.61, down by 498.27 points or 0.77% after trading in a range of 63912.16 and 64787.08. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.57%, while Small cap index was down by 0.86%.

The only gaining sectoral indices on the BSE was Metal up by 0.89%, while Industrials down by 1.36%, Telecom down by 1.21%, Realty down by 1.17%, TECK down by 1.14% and Utilities was down by 1.13% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.50%, SBI up by 0.81%, Nestle up by 0.74%, Power Grid up by 0.23% and JSW Steel up by 0.21%. On the flip side, Infosys down by 2.36%, NTPC down by 1.92%, Bharti Airtel down by 1.92%, ICICI Bank down by 1.73% and Tata Motors down by 1.54% were the top losers.

Meanwhile, underlining various initiatives being taken for the people of the country, Union Minister Dr Jitendra Singh has said that the governance reforms initiated by the government since 2014 have a far reaching positive social impact.

The minister noted that administrative initiatives under the leadership of Prime Minister Narendra Modi, such as the Pre-Retirement Counselling workshops, Anubhav Awards and Pension Adalat have ensured timely disbursal of pensionary benefits to the large number of retiring employees every year.

He further said that the ‘Whole of Government’ approach is evident from the fact that even during the Covid pandemic years there was not a single case of delay in pension payment due to the uninterrupted services provided by the Department of Posts. 

Besides, Singh said that the Modi Government has scrapped more than 1,500 redundant laws since 2014 and provisions such as self-attestation introduced, adding that working with the principle of ‘Minimum Government-Maximum Governance’, the aim of Good Governance is to bring Ease of Living to the common man.

The CNX Nifty is currently trading at 19130.65, down by 151.10 points or 0.78% after trading in a range of 19074.15 and 19347.30. There were 11 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 1.46%, Hindalco up by 1.22%, Coal India up by 1.03%, Tata Consumer Produc up by 0.91% and SBI up by 0.80%. On the flip side, Infosys down by 2.37%, Cipla down by 2.33%, Divi's Lab down by 2.24%, Apollo Hospital down by 2.20% and SBI Life down by 1.99% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 207.57 points or 0.66% to 31,269.92, Hang Seng advanced 93.8 points or 0.55% to 17,085.33, Taiwan Weighted added 49.13 points or 0.3% to 16,358.89, Jakarta Composite gained 23.96 points or 0.35% to 6,830.72 and Shanghai Composite was up by 11.87 points or 0.4% to 2,974.11. On the flip side, Straits Times fell 3.97 points or 0.13% to 3,079.91 and KOSPI was down by 20.34 points or 0.86% to 2,363.17.

European markets were trading mostly in red; France’s CAC fell 16.31 points or 0.24% to 6,877.34 and Germany’s DAX was down by 22.08 points or 0.15% to 14,857.86. On the flip side, UK’s FTSE 100 was up by 4.31 points or 0.06% to 7,394.01.