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This Article is From Aug 02, 2022

Sensex, Nifty Fall; UPL Loses Over 3.5% — Midday Market Update

India's stock benchmarks declined, dragged by losses in metal, realty and IT stocks.

Sensex, Nifty Fall; UPL Loses Over 3.5% — Midday Market Update
Representational image of stock movement. (Photo: Wance Paleri/Unsplash)

India's stock benchmarks declined, dragged by losses in metal, realty and information technology stocks.

The Sensex lost 250 points (over 0.4%) to 57,865.37 as of 1 p.m. on Tuesday. The Nifty 50 also declined 0.5% to 17,256.20.

Of the Nifty 50 constituents, 22 stocks rose, 27 fell and one remained unchanged.

The broader indices outperformed their larger peers, up 0.2%. Thirteen of the 19 sectoral indices compiled by BSE Ltd. fell, with realty losing nearly 2%.

The market breadth, however, was skewed in favour of the bulls. About 1,831 stocks rose, 1,410 fell and 143 remained unchanged.

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