Sensex falls 200 pts to 78,385; Asian Paints, Titan, Nestle weigh

India stock market, after opening higher on Wednesday amid a largely positive trade in global markets, were volatile around flatline. The BSE Sensex was trading around 78,479, down 105 points or 0.13 per cent at 11:00 AM, while the Nifty50 was at 23,760, up 21.10 points or 0.09 per cent.

IndusInd Bank, Zomato, Tata Motors, Tata Steel, Power Grid, NTPC, and Adani Ports were the top Sensex gainers today, with the share prices rising in the range of 0.6 per cent to 2 per cent. On the downside, Asian Paints (down 4 per cent), Nestle India, Titan Company, M&M, Bajaj Finserv, and HUL were the top Sensex losers.

Meanwhile, in the broader market, the Nifty MidCap index and the Nifty SmallCap index were trading 1.3 per cent and 1.99 per cent higher, respectively.

Among sectors, the Nifty PSU Bank index was the top gainer on the NSE today, gaining 1.6 per cent. The Nifty Bank, the Nifty Metal, and the Nifty Financial Services indices, meanwhile, rose up to 1.4 per cent each.

Defensive plays like the Nifty FMCG and the Nifty Pharma indices, on the other hand, were down up to 0.8 per cent.