India's stock market is now trading in negative territory on Monday morning with IT stocks pacing the declines. In the broader markets, the Nifty MidCap index was off lows, up 0.43 per cent, and the Nifty SmallCap index extended gains to trade 0.53 per cent higher.
On the corporate front, Laxmi Dental share price rose 3.2 per cent in trade on Monday, logging an intraday high at ₹441.6 per share on BSE. While VIP Industries shares slipped 5.5 per cent, hitting an intraday low of ₹431.10 on Monday, after promoter group, Dipal Piramal and family, announced the sale of their 32 per cent stake in the company.
At 10:49 hours, the 30-share benchmark index was trading at 82254.2 down by -246.27 points or by -0.3 % and then NSE Nifty was at 25086.8 down by -63.05 points or by -0.25 %.
The top gainers of the BSE Sensex pack were Eternal Ltd. (Rs. 267.50,+1.60%), IndusInd Bank Ltd. (Rs. 866.45,+0.90%), Adani Ports & Special Economic Zone Ltd. (Rs. 1441.50,+0.76%), Mahindra & Mahindra Ltd. (Rs. 3094.65,+0.64%), Sun Pharmaceutical Industries Ltd. (Rs. 1682.20,+0.58%), among others.
On the flip side, the top losers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 921.55,-1.26%), Asian Paints Ltd. (Rs. 2411.00,-1.17%), Infosys Ltd. (Rs. 1576.45,-1.16%), Mahindra & Mahindra Ltd. (Rs. 1584.80,-1.14%), HCL Technologies Ltd. (Rs. 1618.90,-1.11%), among others.
On the sectoral front, Power index was at 6932.11 up by 41.89 points or by 0.61%. Adani Green Energy Ltd. (Rs. 1027.55,+3.31%), Adani Power Ltd. (Rs. 616.90,+2.13%), JSW Energy Ltd. (Rs. 531.75,+1.56%), Tata Power Company Ltd. (Rs. 401.95,+1.32%), NHPC Ltd. (Rs. 89.06,+1.11%),.
Among others, IT index was at 36721.04 down by -307.39 points or by -0.83%. Onward Technologies Ltd. (Rs. 330.00,-2.77%), AXISCADES Technologies Ltd. (Rs. 1404.60,-2.25%), L&T Technology Services Ltd. (Rs. 4340.00,-1.59%), LTIMindtree Ltd. (Rs. 5135.80,-1.43%), HCL Technologies Ltd. (Rs. 1614.60,-1.37%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4144 , shares advanced were 2000 while 1901 shares declined and 243 were unchanged.