Mumbai, November 13 (IANS). An all-round decline is being seen in the Indian stock market in Wednesday’s trading session. Almost all the indices of the market are trading in the red. By 1 pm, Sensex was down 697 points or 0.76 per cent at 77,977 and Nifty was down 219 points or 0.90 per cent at 23,668.
The market trend also remains negative. On the National Stock Exchange (NSE), 289 shares were in the green and 2,163 shares were in the red.
The biggest impact of the decline is being seen on small and medium stocks. The Nifty Midcap 100 index was at 54,099, down 1,158 points or 2.10 per cent and the Nifty Smallcap 100 index was at 17,566, down 426 points or 2.37 per cent.
India Vix, an index showing market fluctuations, was up 4.73 percent at 15.28.
Almost all sectoral indices on NSE were in the red. The biggest decline was in Auto, IT, PSU Bank, Metal, Reality, Infra and PSE.
27 out of 30 Sensex stocks were in the red.
Tata Steel, M&M, JSW Steel, TCS, Nestle, Reliance Industries, Sun Pharma and Bajaj Finserv were the top losers. Only NTPC, Tata Motors and Titan were trading in the green.
According to Choice Broking, the downward trend in Nifty continues and due to this the sentiment also remains negative. Looking at the current levels, 23,650 is going to be a very important support in Nifty and if it breaks then the level of 23,400 can also be seen. 24,200 is a major resistance level on the upper levels.
Further said that the level of 50,500 and 50,000 is an important support in Bank Nifty. If it goes above 52,400 then it can go to 52,800 and 53,000 levels.
–IANS
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