Domestic bourses continued to hover in red during the late morning deals on selling pressure in index pivotals.
Asian stocks are trading mixed on Thursday as China cut its key lending rates.
China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR, which influences the pricing of home mortgages, was cut by 5 basis points, the first time since April 2020.
At 10:52 hours, the 30-share benchmark index was trading at 59665.79 down by -433.03 points or by -0.72 % and then NSE Nifty was at 17824.9 down by -113.5 points or by -0.63 %.
Sensex touched intraday high of 60045.48 and intraday low of 59643.85 The NSE Nifty touched intraday high of 17943.7 and intraday low of 17821.45
The top gainers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 211.65,+3.42%), UltraTech Cement Ltd. (Rs. 7530.00,+1.32%), Maruti Suzuki India Ltd. (Rs. 8098.10,+1.12%), Tata Steel Ltd. (Rs. 1219.15,+0.86%), Bharti Airtel Ltd. (Rs. 710.05,+0.85%), among others.
The top losers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 2564.80,-2.06%), Bajaj Finserv Ltd. (Rs. 17720.00,-2.03%), Infosys Ltd. (Rs. 1831.70,-1.93%), HCL Technologies Ltd. (Rs. 1180.00,-1.60%), Reliance Industries Ltd. (Rs. 2486.05,-1.40%), among others.
Among the sectors, Metal index was at 20305.11 up by 171.58 points or by 0.85%. Coal India Ltd. (Rs. 166.75,+1.77%), Jindal Steel & Power Ltd. (Rs. 415.50,+1.60%), NMDC Ltd. (Rs. 143.65,+1.45%), JSW Steel Ltd. (Rs. 682.00,+1.10%), Tata Steel Ltd. (Rs. 1219.15,+0.86%),.
_IT index was at 36736.36 down by -403.27 points or by -1.09%. Mastek Ltd. (Rs. 2870.00,-10.83%), Oracle Financial Services Software Ltd. (Rs. 3748.85,-6.16%), 63 Moons Technologies Ltd. (Rs. 321.40,-5.00%), Infosys Ltd. (Rs. 1831.70,-1.93%), Coforge Ltd. (Rs. 5307.95,-1.81%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3386 , shares advanced were 1828 while 1451 shares declined and 107 were unchanged.