Equities traded with losses in mid-afternoon trade. The Nifty was trading below the 15,650 level. Global cues were weak amid mounting concerns about the rapidly surging delta variant of the COVID-19 in several countries.
At 14:21 IST, the barometer index, the S&P BSE Sensex, dropped 344 points or 0.65% at 52,209.09. The Nifty 50 index slipped 117.35 points or 0.74% at 15,635.95.
The broader indices traded with losses as well. The S&P BSE Mid-Cap index lost 0.91% while the S&P BSE Small-Cap index skid 0.99%.
Sellers outnumbered buyers. On the BSE, 1,097 shares rose and 2,087 shares fell. A total of 118 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 19,09,23,535 with 40,96,272 deaths. India reported 4,06,130 active cases of COVID-19 infection and 4,14,482 deaths while 3,03,53,710 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
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In the past 24 hours, India recorded 30,093 new cases - the lowest in 125 days, as per Health Ministry's recent data.
Buzzing Index:
The Nifty Metal index slumped 1.96% to 5,213.70. The index has declined 3.3% in two days.
Hindalco Industries (down 3.05%), Steel Authority of India (down 2.88%), Jindal Steel & Power (down 2.71%), Vedanta (down 2.36%) and Tata Steel (down 2.17%), Hindustan Zinc (down 2.09%), JSW Steel (down 1.93%), NMDC (down 1.34%), Coal India (down 0.9%), declined.
Numbers to Track:
In the foreign exchange market, the partially convertible rupee rose to 74.7250 compared with its previous closing of 74.88.
MCX Gold futures for 5 August 2021 settlement shed 0.1% to Rs 48,047.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 92.922.
The yield on 10-year benchmark federal paper fell to 6.124% from its previous close of 6.127%.
In the commodities market, Brent crude for September 2021 settlement rose 51 cents or 0.74% to $69.13 a barrel. The contract had lost 6.75% to settle at $68.62 in the previous trading session.
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