Sensex, Nifty decline on global trade concerns; Tata Motors, Infosys lead losers

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Nifty midcap 100 and smallcap 100 dropped by 0.28 per cent and 0.49 per cent, respectively | Photo Credit: ismagilov

The equity markets traded lower on Monday as fear over renewed US-China tariff escalation rattled global risk appetite, triggering a broad sell-off.

Nifty 50 declined around 130 points and the Sensex fell over 450 points in early trade, weighed down by heavy losses in IT, FMCG, metal stocks amid elevated foreign investor outflows and a weakening rupee.

Sensex traded 224.00 points or 0.27 per cent lower at 82,276.82 at 1.18 pm, and Nifty 50 was down by 74.45 points or 0.29 per cent to 25,210.90.

Nifty midcap 100 and smallcap 100 dropped by 0.28 per cent and 0.49 per cent, respectively. On the sectoral front, IT, FMCG and consumer durables lagged the most, while PSU Bank and financials showed resilience.

Top gainers & losers

Among the Nifty 50 constituents, Adani Ports, Bajaj Auto, IndiGo, Shriram Finance and Bajaj Finance led the gainers, while Tata Motors, Infosys, Hindustan Unilever, Wipro and ONGC declined the most.

A total of 3,076 stocks were traded on the National Stock Exchange at the time of writing, of which 963 stocks advanced, while 2,012 declined, and 101 remained unchanged.

Meanwhile, Indian Bank and 71 stocks touched their 52-week high, and 82 stocks hit their 52-week low. Additionally, 70 stocks were locked in the upper circuit, and 61 stocks were in the lower circuit, indicating broader market weakness with more declines than advances.

Midcap & smallcap movers

Under the midcap segment, Motilal OFS, Fortis Healthcare, LTF, HDFC AMC and Bharti Hexacom gained 2-4 per cent, while Vodafone Idea, Voltas, CONCOR, Glenmark and Page Industries depreciated 2-3 per cent.

Smallcap stocks KFin Tech, Aster DM, MCX, CreditAccess and Lal Path Labs soared 2-6 per cent, while BLS International and Reliance Power dragged the most (tanking 6-11 per cent.)

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In addition, the much-awaited Tata Capital debuted flat on the exchanges.