The benchmark indices were trading in a narrow range with modest losses in afternoon trade. The Nifty was trading below 14,550 mark. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment.
At 13:20 IST, the barometer index, the S&P BSE Sensex, tumbled 330.44 points or 0.68% at 48,451.92. The Nifty 50 index lost 81.80 points or 0.56% at 14,549.30.
Reliance Industries (RIL) (down 1.89%), HDFC Bank (down 1.38%) and ICICI Bank (down 1.67%) were major drags.
In the broader market, the S&P BSE Mid-Cap index skid 0.48%. The S&P BSE Small-Cap index added 1.17%.
Buyers outpaced sellers. On the BSE, 1,621 shares rose and 1,277 shares fell. A total of 179 shares were unchanged.
The total VE Commercial Vehicle (VECV) sales surged to 2,145 units in April 2021 as against 85 units in April 2020.
On a month-on-month (M-o-M) basis, total VECV sales tumbled 69.51% in April 2021 from 7,037 units in March 2021.
Total domestic sales soared to 1,555 units in April 2021 over 38 units sold in April 2021. Total exports jumped to 541 units in April 2021 as compared to 41 units in April 2020. Total Volvo Trucks & Bus sales grew to 49 units in April 2021 over 6 units sold in April 2020.
Total sales of Eicher Motors-owned Royal Enfield stood at 53,298 units in April 2021 over 91 units in April 2020. On a sequential basis, the motorcycle sales have dropped 19.31% in April 2021 as against 66,058 units in March 2021.