NIFTY50 below 25,900, SENSEX drops 145 pts in noon session

The Indian benchmark indices continued to trade lower during the afternoon session on Tuesday, December 30, as weak global cues and continued foreign fund outflows weighed on investor sentiment.

The NIFTY50 slumped to an intra-day low of 25,878, while the SENSEX dropped as much 0.27% as to reach the session’s low of 84,470.94.

At 12:35 PM, the S&P BSE SENSEX declined by 145.54 points, or 0.17%, to 84,550. Meanwhile, NSE’s NIFTY50 was trading at 25,892, marking a 49.60 points, or 0.19% fall.

On Monday, the foreign institutional investors (FIIs) sold shares worth ₹2,759.89 crore, while the domestic institutional investors (DIIs) bought equities worth ₹2,643.85 crore on a net basis, according to exchange data.

The NIFTY50 index was weighed down by selling in the shares of Max Healthcare Institute, which lost 2.45%. Eternal (-2.30%), InterGlobe Aviation (-1.72%), Apollo Hospitals Enterprise (-1.32%) and Bajaj Finserv (-1.31%) were among the top losers following Max Healthcare.

Conversely, the top gainers pack included Shriram Finance (1.93%), Hindalco Industries (1.79%), Mahindra & Mahindra (1.32%), Bajaj Auto (1.16%) and Axis Bank (0.93%).