Mumbai, Jul 1 (FN Agency) The BSE Sensex continued to slide on Thursday too, as it tanked 164.11 pts to close at 52,318.60 as brisk selling was witnessed in Power, Telecom, Technology and IT stocks amid a weak Asian market. The Nifty too slipped by 41.50 pts to 15,680. The Sensex opened in green at 52,638.50, gaining 156 pts, which remained days high. Later, it tumbled down nearly 201 pts to 52,281.01, days low before closing at 52,318.60, down by 164.11 pts from its last close. The Sensex registered days high and low at 52,638.50 and 52,281.01 pts respectively. The Nifty recorded days high and low at 15,755.55 and 15,667.05 pts respectively.
The equity market remained under pressure today as new Delta and Delta plus variants of novel coronavirus push Covid-19 cases higher across the globe. Even, weak economic data further dented market sentiment. India’s domestic factory orders and production contracted to an 11-month low in June as measures to contain the coronavirus put manufacturing into “reverse gear”. The sectoral indices like Power, Technology, Telecom, Energy and IT kept the market weak. In scrips, Bajaj Finserv, Infosys, Ultracemco, Tech Mahindra and IndusInd Bank dropped. However, the scrips include, Dr Reddy Lab, Bajaj Auto, Sun Pharma, Asian Paints and NTPC rose that restricted from further losses. The Mid Cap declined by 0.19 pc while the Small Cap rose by 0.32 pc. In 30 scrips, 14 advanced while 16 declined.