MARKET LIVE: Sensex sheds 500pts, Nifty50 below 18,200; RIL, ITC drop 1%

MARKET LIVE UPDATES

Domestic equity markets were lower in Monday's intra-day trade, weighed down by index heavyweights like ITC, Reliance Industries, HDFC Twins, TCS, and Tech Mahindra.
 

Key indices Nifty50 declined over 100 points to trade below 18,200 levels and the S&P BSE Sensex lowered over 450 points to trade at 61,209 levels.

Broader markets, meanwhile, were volatile as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Volatility gauge, India VIX, on the other hand, climbed over 4 per cent.

All sectors plunged in negative territory with Nifty Auto, Nifty Pharma, Nifty IT, and Nifty FMCG indices dropping up to 1 per cent.

Among individual stocks, shares of EaseMyTrip soared 20 per cent after they turned ex-date for 3:1 bonus issue, and 1:1 stock split. READ MORE

Besides, shares of Rajnish Wellness surged over 4 per cent after board plans to mull sub-division/ split of the of shares later in the week.

New listing
Shares of Archean Chemical Industries (ACIL) listed at Rs 450, a 11 per cent premium to its issue price of Rs 407 per share on the National Stock Exchange (NSE). READ MORE