Nifty trades below 22,650; auto share decline
At 14:30 IST, the barometer index, the S&P BSE Sensex tanked 469.76 points or 0.64% to 73,244.71. The Nifty 50 index lost 180.30 points or 0.79% to 22,631.05.
In the broader market, the BSE 150 MidCap Index declined 0.85% and the BSE 250 SmallCap Index fell 1.12%.
The market breadth was weak. On the BSE, 2,511 shares rose and 1,772 shares fell. A total of 230 shares were unchanged.
Buzzing Index:
The Nifty FMCG index fell 1.18% to 24,900.15. The index fell 3.3% in the three consecutive trading session.
Tata Motors Passenger Vehicles (down 2.48%), Bharat Forge (down 2.36%), Samvardhana Motherson International (down 2.23%), Hyundai Motor India (down 2.09%) and Tube Investments of India (down 1.79%), Eicher Motors (down 1.72%), Mahindra & Mahindra (down 1.36%), TVS Motor Company (down 1.03%), Maruti Suzuki India (down 0.74%) and Sona BLW Precision Forgings (down 0.53%) fell.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.24% to 7.461 compared with the previous session close of 7.443.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.9150 compared with its close of 94.3800 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement fell 0.87% to Rs 1,44,807.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.22% to 101.55.
The United States 10-year bond yield shed 1.26% to 5.084.
In the commodities market, Brent crude for December 2026 settlement declined $3.29 or 3.02% to $112.11 a barrel.
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