Markets at Noon: Nifty and Sensex Dip as Jewellery Sector Loses Shine
By ScanX News Team
Indian markets show negative trend at midday with Nifty 50 down 0.48% and Sensex down 0.52%. Diamond, Gems and Jewellery sector leads losses at -3.60%, while Trading sector tops gainers at 1.48%. Market breadth appears mixed with selective investor approach evident across sectors.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing a negative trend at midday, with both the Nifty 50 and BSE Sensex in the red. The Nifty 50 is currently trading at 25,029.70, down 120.15 points or 0.48% from its previous close. Similarly, the BSE Sensex stands at 82,075.52, reflecting a decline of 424.95 points or 0.52%.
Sectoral Performance
Top Losing Sectors
| Sector | Average Change (%) |
|---|---|
| Diamond, Gems and Jewellery | -3.60 |
| Printing & Stationery | -2.46 |
| Castings, Forgings & Fasteners | -1.44 |
Top Performing Sectors
| Sector | Average Change (%) |
|---|---|
| Trading | 1.48 |
| Utilities | 0.44 |
| Beverages | 0.43 |
| Healthcare Services | 0.37 |
Market Breadth
While specific market breadth data is not available, the mixed sectoral performance suggests a divided market. The significant losses in certain sectors are partially offset by gains in others, indicating a selective approach by investors.
Conclusion
As the trading day progresses, the Indian markets are experiencing downward pressure, with notable weakness in the Diamond, Gems and Jewellery sector. However, sectors like Trading and Utilities are providing some support to the market. Investors will be closely watching these trends as the day unfolds.
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