New Delhi, Feb 13 (.) Indian equity benchmarks witnessed sharp selling pressure in morning trade on Friday, with the BSE Sensex plunging over 800 points and the NSE Nifty falling more than one per cent amid broad-based weakness across sectors.
The 30-share BSE Sensex was trading at 82,863.55 at around 11:47 am IST, down 811.38 points or 0.97 per cent from its previous close of 83,674.92. The index opened at 82,902.73 and touched an intra-day high of 83,079.70 before slipping to a low of 82,771.75, indicating sustained selling pressure during the session.
Similarly, the broader Nifty 50 was quoting at 25,545.15 at around 11:49 am IST, down 262.05 points or 1.02 per cent from its previous close of 25,807.20. The index opened at 25,571.15 and moved in a narrow range, hitting a high of 25,630.35 and a low of 25,513.30 in early trade.
Both indices remained firmly in the red throughout the morning session, reflecting cautious investor sentiment. The decline also pushed the benchmarks closer to their day’s lows, suggesting a lack of strong buying support at higher levels.
On a broader scale, the Sensex remains below its 52-week high of 86,159.02, while the Nifty is trading below its 52-week peak of 26,373.20. However, both indices continue to stay well above their respective 52-week lows of 71,425.01 and 21,743.65.
Market participants are closely monitoring global cues and domestic developments, as volatility persists in the equity markets. Further movement during the afternoon session is likely to depend on institutional activity and sector-specific trends.
. SAS .
