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Share Market Updates: Sensex Gives Up Day's Gains Amid Selloff In Consumer Goods, Pharma Shares

Share Market News: Britannia, Bajaj Finance, Hero MotoCorp were the top Nifty losers
Share Market News: Britannia, Bajaj Finance, Hero MotoCorp were the top Nifty losers
  1. At 2:26 pm, the Sensex traded at 40,171.53, down 372.84 points - or 0.92 per cent - from its previous close, and the Nifty was down 106.25 points - or 0.89 per cent - at 11,790.55. (Track SensexNifty Here)
  2. Britannia, Bajaj Finance, Hero MotoCorp, TCS and SBI Life, trading between 2.05 per cent and 4.51 per cent lower, were the worst hit among 37 laggards in the Nifty basket of 50 shares. 
  3. On the other hand, Power Grid, Bharti Airtel, Hindalco and GAIL - up 1.17-2.70 per cent each - were the top gainers in the index. 
  4. Reliance Industries, TCS and Bajaj Finance were the biggest drags on Sensex.
  5. The National Stock Exchange's India VIX index - which measures the expectation of volatility in the near term - spiked as much as 3.77 per cent during the session.
  6. Overall market breadth favoured losses, as 1,138 stocks on the BSE rose against 1,450 that fell. Shares in the mid- and small-cap segments also came under selling pressure, with the Nifty Midcap 100 and Smallcap 100 indices 0.50 per cent and nearly 1 per cent respectively.
  7. Reliance Industries shares rose as much as 1.65 per cent to Rs 2,191 apiece on the BSE, a day after the conglomerate announced it had expanded efforts with Qualcomm to develop 5G solutions in the country.
  8. The White House and Democrats moved closer to an agreement on a new COVID-19 relief package as US President Donald Trump said he was willing to accept a large aid bill despite opposition from his own party.
  9. Equities in other Asian markets moved higher after US President Donald Trump said he was willing to accept a large aid bill despite opposition from his own party, raising expectations that agreement on a relief package could be reached before the presidential election.
  10. European share markets started the day on a weak note, with the United Kingdom's FTSE 100 index last seen trading 0.80 per cent lower in early trade. While the Eurostoxx 50 index was down 0.29 per cent, France's CAC 40 was down 0.64 per cent and Germany's DAX 30 0.72 per cent.