Share Market News Highlights: Sensex, Nifty extend fall; M&M, Bajaj Auto, NTPC among top drags

The Bank Nifty index witnessed a volatile trading session where the first half was controlled by the bears and in the closing hours, bulls came back to hold the support. The bulls in order to gain back the momentum will have to take the index above 42,600-42,700 levels from where the uptrend will resume. The bears will watch for 42,000 on the downside if breached and will get an upper hand on the index which will drag it further down toward the 41,500 level.

Domestic market is now focusing on global trend for future direction due to lack of domestic triggers. Negative vibes in the developed market and aggressive comments from Fed officials have shaken the ongoing optimistic trend across the globe. Despite a late attempt of recovery, the domestic market largely traded with a negative shade, in all sectors except PSU banks.

The overall market breadth stood negative as 1,448 shares advanced while 2,054 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 282.34 lakh crore.

13 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the red. Sub-indexes Nifty Auto, Nifty Pharma and Nifty Oil & Gas underperformed the NSE platform by falling as much as 1.18 per cent, 0.67 per cent and 0.72 per cent, respectively. In contrast, Nifty PSU Bank climbed 1.53 per cent.

Mid- and small-cap shares finished lower as Nifty Midcap 100 fell 0.50 per cent and small-cap declined 0.52 per cent.

On the stock-specific front, M&M was the top Nifty loser as the stock cracked 2.51 per cent to close at Rs 1,227.70. Bajaj Auto, NTPC, Bajaj Finance and IndusInd Bank were also among the laggards. In contrast, HCL Tech, Asian Paints, Hindustan Unilever, SBI and Infosys were among the top gainers.

Sensex settles 87 points or 0.14 per cent lower at 61,663, Nifty falls 36 points or 0.20 per cent to settle at 18,308

Geojit Financial said, "EBITDA margin declined by 71 basis points (bps) -- YoY -- to 6.8 per cent due to higher input costs in the energy and the chemical segments. The current expensive valuation and headwinds on margins remain a concern in the near term." The brokerage maintained a 'Reduce' rating with a target price of Rs 1,911, which suggested 12 per cent potential downside.

Shares of Bank of Maharashtra surged 8.23 per cent to trade at Rs 25. The stock hit a day high -- also its 52-week high -- of Rs 25.60. A total of 92.51 lakh shares changed hands today amounting to a turnover of Rs 23.16 crore. The company's market capitalisation (m-cap) stood at Rs 16,859.89 crore.

Sensex slips 92 points or 0.15 per cent to trade at 61,658, Nifty moves 32 points or 0.17 per cent lower to trade at 18,312; M&M, IndusInd Bank, Maruti, NTPC, Eicher Motors among top drags on NSE

Shares of Elecon Engineering slumped 5.15 per cent to trade at Rs 418.10. The stock hit a day low of Rs 410.80. A total of 78,000 shares changed hands today amounting to a turnover of Rs 3.34 crore. The company's market capitalisation (m-cap) stood at Rs 4,682.67 crore.

Shares of Arvind Fashions Ltd fell 4.65 per cent to trade at Rs 334.20. The stock hit a day low of Rs 333.10. A total of 18,000 shares changed hands today amounting to a turnover of Rs 60.61 lakh. The company's market capitalisation (m-cap) stood at Rs 4,437 crore.

Shares of Astec Lifesciences Ltd declined 5.03 per cent to trade at Rs 2,104.35. The stock hit a day low of Rs 2,094.90. A total of 1,860 shares changed hands today amounting to a turnover of Rs 40.53 lakh. The company's market capitalisation (m-cap) stood at Rs 4,114.41 crore.

Shares of Nazara Technologies Ltd surged 6.37 per cent to trade at Rs 603.05. The stock hit a day high of Rs 614.70. A total of 2.33 lakh shares changed hands today amounting to a turnover of Rs 14.08 crore. The company's market capitalisation (m-cap) stood at Rs 3,966.85 crore.

Sensex tanks 403 points or 0.65 per cent to trade at 61,348; Nifty moves 131 points or 0.72 per cent lower to trade at 18,213; M&M, Bajaj Finance, ONGC, IndusInd Bank, Tata Consumer Products among top drags on NSE

Shares of PB Fintech Ltd rose 8.57 per cent to trade at Rs 404.95. The stock hit a day high of Rs 417.95. A total of 7.36 lakh shares changed hands today amounting to a turnover of Rs 29.50 crore. The company's market capitalisation (m-cap) stood at Rs 18,182.27 crore.

Shares of Mishra Dhatu Nigam Ltd declined 4.52 per cent to trade at Rs 228.95. The stock hit a day low of Rs 227.50. A total of 63,000 shares changed hands today amounting to a turnover of Rs 1.48 crore. The company's market capitalisation (m-cap) stood at Rs 4,289.15 crore.

Sensex falls 263 points or 0.43 per cent to trade at 61,488, Nifty moves 86 points or 0.47 per cent lower to trade at Rs 18,258; M&M, Bajaj Finance, ONGC, IndusInd Bank, Britannia among top drags on NSE

BSE 500 stocks such as Akzo Nobel India, Airtel, Engineers India, Exide, Great Eastern Shipping, Godfrey Phillips, IIFL, Indian Bank, Lemon Tree, Bank of Maharashtra, PNB, SKF India, Timken India, UCO Bank and Union Bank hit their 52-week highs today.

BSE 500 stocks such as Bandhan Bank, Glaxosmithkline Pharmaceuticals Ltd, IndiGo Paints, Mastek, Quess Corp, Relaxo Footwears, Rossari Biotech Ltd and Sudarshan Chemical hit their 52-week lows today.