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Stock Market: Sensex, Nifty tumble in early trade

Mumbai: Indian  equity benchmarks traded with significant losses in afternoon trade. The rising conflict between Israel and Lebanon conflict influenced investors. The  BSE Sensex declined  1202.09 points or 1.40% to 84,369.76. NSE Nifty sank 355.70 points or 1.36% to 25,823.25.

Barring the Nifty Metal index, all the other sectoral indices on the NSE were traded in red. In the broader market, the BSE Mid-Cap index fell 0.44% and the BSE Small-Cap index shed 0.18%. The market breadth was negative.

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Stocks advanced on BSE, were 1,562 against 2,325 stocks that declined, and 159 remained unchanged. Total stocks traded were 4,046. The number of stocks that recorded a 52-week high was 258, and those that hit a 52-week low was 48. A total of 312 stocks traded in the upper circuit, and 288 in the lower circuit.

Top gainers were JSW Steel (2.50%), Hindalco (1.68%), Tata Steel (1.65%), Adani Enterprises (1.35%), Asian Paints (1.18%). Top losers were  Hero Motocorp (-4%), Trent (-2.78%), M&M (-2.57%), Reliance (-2.28%), Bajaj Auto (-2.25%).

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