GG News Bureau
Mumbai, 22nd May: The Indian share market opened in the red today, Thursday, with the Sensex of the Bombay Stock Exchange (BSE) dropping 268 points to open at 81,323. In early trading, it was seen trading down by 0.69% or 566 points at 81,014. Out of the 30 Sensex shares, 27 were trading in the red, while only 3 showed gains in the initial hours.
Meanwhile, the Nifty index of the National Stock Exchange (NSE) was trading down by 0.74% or 184 points at 24,628.
Among the Sensex pack, the shares witnessing the steepest declines in early trade included Tech Mahindra, PowerGrid, HCL Tech, Nestle India, HUL, ITC, TCL, Infosys, Titan, Bajaj Finserv, Axis Bank, Maruti, Sun Pharma, Reliance, Tata Motors, UltraTech Cement, HDFC Bank, ICICI Bank, Larsen & Toubro, Asian Paints, NTPC, Bajaj Finance, Zomato, and SBI.
Conversely, IndusInd Bank, Adani Ports, and Tata Steel shares were seen trading with gains.
Sectoral Performance
Looking at sectoral indices in early trading, the Nifty IT index saw the sharpest fall, down by 1.60%. This was followed by Nifty FMCG (1.49%), Nifty Auto (1.27%), Nifty Metal (0.35%), Nifty Pharma (0.97%), Nifty PSU Bank (0.19%), Nifty Private Bank (0.66%), Nifty Realty (0.26%), Nifty Healthcare (0.83%), Nifty Consumer Durables (1.14%), Nifty Oil & Gas (0.90%), Nifty MidSmall Healthcare (0.63%), and Nifty MidSmall IT & Telecom (0.92%).
Only the Nifty Media index showed a marginal gain of 0.19%.
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