The key benchmark indices broke respective psychological levels in trade on Thursday amid heavy broad-based sell-off.
On the upside, 18,150-18,300 has become an immediate supply zone,” said Santosh Meena, head of research at Swastika Investmart.
All sectoral indices on the NSE were down over a per cent each, with FMCG, Media, Pharma and Oil & Gas as the other prominent losers.
On the other hand, IndusInd Bank was the major Sensex gainer, up 3 per cent at Rs 1,175.
LIVE market updates: The key benchmark indices continued to trade on a weak note on the back of persistent selling pressure.
FMCG, Telecom, Utilities, Oil & Gas and Power indices were the other major losers.
LIVE market updates: The key benchmark indices are languishing at lower levels owing to broad-based selling in the market.
IndusInd Bank and Larsen & Toubro, however, continue to trade firm, up 5 per cent and 3.3 per cent, respectively.
“We expect the market to be volatile in the coming weeks and we expect selling pressure to continue in the broader market.
At 12:00 PM, the BSE Sensex was quoting at 60,736 levels, down 408 points.
The lender’s asset quality improved in Q2FY22 with GNPA ratio falling to 9 per cent from 9.4 per cent QoQ while NNPA ratio impoved to 3.4 per cent from 3.95 per cent QoQ.
Nykaa IPO update: The initial public offer of FSN Ecommerce Venutres, the parent company of Nykaa, has been subscribed 34 per cent so far.
LIVE market updates: Sell-off has intensified on Dalal Street as investors rush to offload shares in the public sector banking, metals, and realty space aggressively.
Market breadth is favouring sellers with over 2,000 stocks declining on the BSE as against around 970 advances.
LIVE market updates: Indian equities extended their decline were trading near the day’s low in morning deals.
23 of the 30 Sensex constituents and 40 of the 50 Nifty constituents were in the red.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.