Stock Market Today, August 17: The domestic equity markets extended their losses in the morning trade on Monday, with the Sensex falling nearly 370 points and the Nifty slipping below the 24,300 mark. Weakness in IT, PSU banks, financial and FMCG stocks weighed on the benchmarks, while geopolitical tensions and elevated crude oil prices continued to keep investors cautious.
As of 10:12 am, the BSE Sensex was trading at 77,639.75, down 369.50 points or 0.47% from its previous close of 78,009.25. The NSE Nifty was trading at 24,278.60, down 87.40 points or 0.36%.
The selling pressure has become more pronounced across several major sectors as the session progresses. Nifty IT was the biggest sectoral laggard, falling 1.37%. Nifty PSU Bank declined 1.17%, while Nifty MidSmall Financial Services fell 0.71% and Nifty MidSmall IT & Telecom dropped 0.79%.