Stock market live updates: The key benchmark indices started Monday’s session with deep cuts on downbeat global sentiment and selling in IT and FMCG majors. In early deals, the markets came off lows as banking and auto stocks held ground in a weak market.
The BSE Sensex was 400 points lower to 56,770, and the NSE Nifty50 was below 17,050, after recouping from its lowest level of 16,928.
ICICI Bank, Maruti, Axis Bank and M&M were the sole Sensex gainers, up to 2 per cent up.
Meanwhile, Tata Steel, Tech M, HUL, ITC, Wipro, and NTPC were the top laggards, down up to 3 per cent.
The broader markets were underperforming the benchmarks with the BSE MidCap and SmallCap indices down up to 1.3 per cent.
Sectorally, Nifty IT, FMCG, Realty, and Metals tanked up to 2 per cent. On the other hand, the auto and banking pack turned positive.
Among stocks, Religare Enterprises rose 4 per cent. The NBFC said that it has paid Rs 5.41 crore to market regulator Sebi to settle its past cases.
Mahindra CIE Automotive also gained 3 per cent ahead of its Q4 results later today.
