Mumbai: The stock market again suffered a shake as it opened flat on Tuesday, the second trading day of the week.
The S&P BSE Sensex index fell as much as 409.24 points to hit 30,980.83 on the downside, soon after opening 221.5 points higher at 31,611.57. The broader NSE Nifty 50 benchmark – which started the day up 88 points at 9,285.40 – declined to as low as 9,016.85, down 180.55 points from the previous close.
At 9:21 am, the Sensex traded 352.64 points – or 1.12 per cent – lower at 31,037.43 while the Nifty was down 42.85 points – or 0.47 per cent – at 9,154.55.
Twenty six stocks in the Nifty basket of 50 shares moved lower at the time.
Top percentage losers were UPL, Zee Entertainment, HDFC, HDFC Bank and ICICI Bank, trading between 2.66 per cent and 6.25 per cent.
On the other hand, Yes Bank, Tata Steel, Vedanta, Maruti Suzuki and Adani Ports – up between 1.74 per cent and 9.97 per cent – were the top gainers.
HDFC Bank, HDFC, ICICI Bank and Kotak Bank were the biggest drags on Sensex, whereas Reliance Industries, HUL and Maruti Suzuki were biggest supports.