Sensex falls 600 pts from day’s high, Nifty below 22,600: Rising crude prices among key factors behind market decline
Sensex falls 600 pts from day’s high, Nifty below 22,600: Rising crude prices among key factors behind market decline
Profit booking, continuous FII selling also weighed on market sentiment on October 14
Sensex and Nifty traded lower due to profit booking.
FIIs extended their selling streak to 13 sessions.
India VIX rose over 2% amidst market volatility.
Benchmark indices Sensex and Nifty were trading in red on October 14 after falling from day’s high due to various reasons, including profit booking and FII selling.
At 1:16 pm, the Sensex was down 402.85 points or 0.55% at 72,630.93, and the Nifty was down 149.20 points or 0.66% at 22,572.75. About 2,130 shares advanced, 1,744 shares declined, and 159 shares were unchanged.
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In the broader market, while the small-cap indices were slightly higher, mid-cap indices were attempting to move into positive territory.
In the key 50-stock index, financial stocks added to the downside pressure. ICICI Bank and Shriram Finance continued to be the key drags, down almost 1% each. HDFC Bank, which was in the green earlier in the session, also pared its gains. Meanwhile, Infosys and Reliance Industries lent the most support. However, Kotak Mahindra Bank was up close to 1% after closing lower Tuesday.