The BSE Mid-cap Index is trading down 0.38% at 10,933, whereas BSE Small-cap Index is trading down 0.52% at 11,257.
Bombay Stock Exchange (BSE) witnessing another downturn begin to the week, with the Sensex shedding over 200 points in afternoon trade.
Amid weak Asian cues markets continued their journey southward weighed down by broad selling pressure across healthcare, capital goods, and metal shares. Also, growth in manufacturing sector cooled to its slowest in 22 months in October as domestic demand softened.
At 12:29 PM, the S&P BSE Sensex is trading at 26,430 down 226 points, while NSE Nifty is trading at 8,014 down 52 points.
The BSE Mid-cap Index is trading down 0.38% at 10,933, whereas BSE Small-cap Index is trading down 0.52% at 11,257.
In all the tumble, Moody’s Investors Service said it has changed its outlook for India’s banking system to stable from negative because of the gradual improvement in the operating environment for Indian banks.
ALSO READ: Moody’s Changes Outlook On India’s Banking System To Stable From Negative
By 11:30 am, the Sensex was lower by 197 points at 26,460 and the Nifty slipped by 57 points at 8,008.
Among broader markets, BSE Midcap and Smallcap indices are down between 0.3-0.5%. Market breadth is marginally weak with 1,384 shares declining and 822 shares advancing.
For the domestic market, the Nikkei Manufacturing Purchasing Managers’ Index, compiled by Markit, fell to 50.7 in October from September’s 51.2. The 50-mark divides expansion from contraction
On the global front, China’s factory activity fell for an eighth straight month in October but at a slower pace as export orders flickered into life, a private survey showed on Monday, pointing to continued sluggishness in the world’s second-largest economy.
(With agencies input)