The market is witnessing a lot of volatility as benchmarks see wild swings between positive and negative territory. These are currently trading in the red after seeing some recovery minutes ago.
The selloff in banks, FMCG, metals as well as names in the midcaps space are weighing on indices. Higher crude oil prices, as well as a bearish rupee, continue to spook investors.
Among stocks, oil marketing companies such as HPCL and BPCL have hit fresh 52-week lows on the back of crude surge, while Shares of Fortis Healthcare fell about 1.5 percent after founder Shivinder Singh moved the National Company Law Tribunal (NCLT) against his elder brother Malvinder Singh.
The Sensex is down 39.34 points or 0.10% at 38118.58, while the Nifty is down 18.30 points or 0.16% at 11502.00. The market breadth is negative as 733 shares advanced, against a decline of 1,105 shares, while 115 shares were unchanged.
Source- https://www.moneycontrol.com/
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