Indices trade sharply lower in early trade; breadth weak
Mumbai, Sept. 2 -- The key equity benchmarks traded with major losses in early trade amid rise in crude oil prices, higher bond yields heightened concerns over a potential resurgence in inflation, raising fears that central banks could maintain or adopt tighter monetary policy. The Nifty traded below the 23,850 mark.
All the sectoral indices on the NSE were traded in red with IT, realty and auto shares leading the fall.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 684.87 points or 0.89% to 76,259.41. The Nifty 50 index tanked 228.85 points or 0.95% to 23,826.20.
In the broader market, the BSE 150 MidCap Index tumbled 1.19% and the BSE 250 SmallCap Index dropped 0.81%.
The market breadth was weak. On the BSE, 1,097 sh...
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