Mumbai India January 24 ANI The Indian equities markets saw a lot of selling pressure for the fifth consecutive session on Monday, with benchmark Sensex and Nifty falling by over 1.3 per cent.
The Sensex opened in the red at 59,023, ending the last week's loss. It dropped to a low of 58,250 and 97 points. In the morning, the morning trade was 89 points.
This is the fifth consecutive session of heavy selling in the Indian stock markets. The Sensex had last 2271 points last week.
The 30 stock S&P BSE Sensex of the Bombay Stock Exchange was trading at 58,262. It was at 80 points at 11.21 am, which is 774.38 points or 1.31 per cent less than its previous close of 59,037. 18 points.
The Nifty 50 of the National Stock Exchange slumped to 17,383. The previous session's close at 17,617 was marked by 55 points, which is 233.60 points or 1.33 per cent less than that of 55 points. 15 points.
There was broad-based selling pressure. Only six of the 30 scrips that are part of the Sensex were trading in the positive.
Bajaj Finance fell by 4.33 per cent to 7052.55. Tech Mahindra fell by 4.17 per cent to 1527.75. Wipro fell by 3.90 per cent to Rs 581.60.
Tata Steel is down 3.46 per cent at Rs 1128.65, Titan 3.37 per cent down Rs 2443.60, Asian Paints 3.16 per cent are down at Rs 3169.50, Bajaj Finserv 2.25 per cent down at Rs 1141.55 and Infosys 2.06 per cent down at Rs 1749.30, among the major Sensex losers.