Sensex Falls 340 Points, Nifty Below 19650 On Weak Global Cues. Hero MotoCorp Slips 2%

Sensex Falls 340 Points, Nifty Below 19650 On Weak Global Cues. Hero MotoCorp Slips 2%

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The two main equity benchmarks, Sensex and Nifty, on Wednesday started on a weak note amid subdued sentiments from global markets. At 9.40 am, the BSE Sensex declined 344 points to 66,115. The NSE Nifty50, on the other hand, was trading at 19,631, down 103 points.

On the 30-share Sensex platform, barring Maruti, PowerGrid, and Asian Paints, all the constituents were trading in the negative zone. Among individual stocks, Hero MotoCorp continued its downtrend for second consecutive day, dropping 2 per cent as ED conducted searches on premises of its Executive Chairperson Pawan Munjal.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices fell up to 0.4 per cent.

Sectorwise, barring Nifty Media index (up 0.5 per cent), all other sectors plunged in the sea of red. Nifty Metal, Nifty Pharma, and Nifty Bank indices were the worst hit, down up to 1 per cent.

In the previous session on Tuesday, the S&P BSE Sensex closed at 66,459, down 68 points, while the NSE Nifty50 settled at 19,734, down 20 points.



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