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Sensex Falls Over 300 Points, Nifty Slides Below 11,300: 10 Things To Know
09 May 2019, 02:03 PM IST 
Share market today: Nifty 50 Index fell below its important psychological level of 11,300.
- As of 1:36 pm, the Sensex traded 0.67 per cent or 252 points lower at 37,536 and the NSE Nifty 50 Index was down 0.57 per cent or 65 points at 11,295.
- Equities in other Asian markets hit six-week lows in early trade with MSCI's broadest index of Asia-Pacific shares outside Japan edging down 0.3 per cent to its lowest level since March 28. Japan's Nikkei average shed 0.9 per cent to its five-week low.
- "The markets seem to have no particular support or resistance in place at the current juncture... Best to stay out of the market till election results are out," AK Prabhakar, head of research at IDBI Capital, told NDTV.
- Fourteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Energy Index's 2.5 per cent decline.
- Power, metal, oil & gas, utilities and capital goods sector gauges also declined between 0.8 and 1.5 per cent each.
- On the flipside, information technology and realty sector shares were witnessing a mild buying interest at both the sectoral indexes on the BSE rose 0.3 per cent each.
- Mid- and small-cap shares were also witnessing selling pressure as the S&P BSE MidCap Index fell 0.4 per cent and the SmallCap Index declined 0.51 per cent.
- Reliance Industries was top loser in the Nifty 50 basket of shares, the stock fell 3.38 per cent to Rs 1,256. NTPC, Coal India, Bharat Petroleum, Adani Ports, JSW Steel, Bharti Infratel, HCL Technologies and Asian Paints also fell between 1.3 and 2.5 per cent each.
- On the other hand, Zee Entertainment, Yes Bank, Indiabulls Housing Finance, Hero MotoCorp, Bajaj Finserv and Bajaj Finance were among the gainers.
- The overall market breadth was negative as 1,382 shares were declining while 882 were advancing on the BSE.
