Media, realty, IT and telecom stocks experiencing huge downturns, along with auto oil & gas, and FMCGs facing selling pressure, while banking stocks show resilience.
The broader market traded in red as at 12.35 pm. Sensex slipped 29.02 pts or 0.04 per cent to 74,573.10, and Nifty 50 dipped 30.40 pts or 0.13 per cent to 22,517.15.
Shares of Shriram Finance, Bajaj Finance, Bajaj Finserv, IndusInd, and Axis Bank traded among top gainers of Nifty 50 constituents, while UltraTech Cement, Hero Motocorp, Trent, BPCL and M&M depreciated.
Top gainers
Shriram Finance lead the gainers, trading 4.68 per cent positive at ₹601.1 as at 12.38 pm. Bajaj Finance gained 2.35 per cent to trade at ₹8,688.4, and Bajaj Finsev rose 2.22 per cent to ₹1,916.8.
In addition, Bajaj Finance has hit 52-week high in early trade at ₹8,739.
Two banking stocks IndusInd and Axis Bank were up by 1.69 per cent and 1.22 per cent trading at ₹1,051.7 and ₹1,021.45, respectively.
On the BSE, CreditAccess Grameen and Inox India gained over 10 per cent, while AU Small Finance, Bayer Cropscience and Kirloskar Brothers rose 6 per cent.
Top losers
On the losing side, UltraTech shares fell 4.87 per cent to ₹10,430. Auto stock Hero Motocorp followed with 2.64 per cent loss at ₹3,727.
Trent stock depreciated 2.38 per cent to ₹4,842, BPCL declined 2.25 per cent to ₹242.85 and M&M fell 1.92 per cent to ₹2,724.25.
Major Nifty stocks that crashed to hit a 52-week low include Tata Motors, RR Kabel, Havells, PVR Inox, JNK India, VBL and Indoco Remedies.
On the losing streak were KEI Industries (plunged 20 per cent), Polycab, RR Kabel, Vijaya Diagnostic and Inox Wind.
