Markets Dip at Midday: Nifty and Sensex Down Nearly 0.5% on September 26
Indian markets are trading negative at midday, with Nifty down 0.47% and Sensex down 0.45%. Commercial Services and Energy sectors lead losses, while Trading and Printing & Stationery show gains. Buzzing stocks include Le Travenues Technology, NTPC, Afcons Infrastructure, Swiggy, TCS, and ICICI Bank, with various corporate actions and market movements influencing their performance.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on September 26, Indian markets are trading in negative territory. The Nifty 50 index is currently at 24,774.40, down 116.45 points or 0.47% from its previous close. Similarly, the BSE Sensex stands at 80,797.85, showing a decline of 361.83 points or 0.45%.
Sectoral Performance
The market is witnessing a mixed performance across sectors:
Top Losing Sectors
| Sector | Avg. Per Change |
|---|---|
| Commercial Services | -16.46% |
| Energy | -14.75% |
| Leisure Services | -14.71% |
| Financial Services | -12.85% |
| Forest Materials | -11.76% |
Top Performing Sectors
| Sector | Avg. Per Change |
|---|---|
| Trading | 1.34% |
| Printing & Stationery | 0.61% |
Buzzing Stocks
Several stocks are making headlines in today's trading session:
Le Travenues Technology (ixigo): The company's Abhibus has partnered with Odisha State Road Transport Corporation to enhance state bus services, offering digital booking and real-time tracking for 4,800 daily bus services.
NTPC: NTPC Green Energy Limited announced the commencement of commercial operations for 25 MW of solar capacity from a 37.5 MW project in Bhuj, Gujarat. This addition increases NTPC Green Energy Limited Group's total installed capacity to 7,407.475 MW.
Afcons Infrastructure: The company appointed Santosh Balachandran Nayar as Additional Director (Non-Executive & Independent) and Firoz Cyrus Mistry as Additional Director (Non-Executive & Non-Independent). The board also approved an Employee Stock Option Plan and the issuance of non-convertible debentures.
Swiggy: The company has sold its entire 12% stake in Rapido for Rs 2,400 crore to Prosus and Westbridge Capital, aiming to provide capital for its quick-commerce arm Instamart. Analyst opinions on the stock remain mixed.
TCS: The stock hit a 52-week low, extending its losing streak and wiping nearly Rs 80,000 crore from its market capitalization over five trading sessions. Despite the decline, analyst sentiment remains mixed.
ICICI Bank: The bank witnessed multiple block trades on the National Stock Exchange, with transactions involving over 1.7 million shares at prices around Rs 1,365 per share.
Conclusion
As the trading day progresses, the Indian markets are showing a downward trend with significant sectoral variations. Investors are closely watching the performance of key stocks and sectors amid ongoing market dynamics.
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