Sensex Ends 418 Points Lower; Banking And Power Stocks Witness Huge Selling

India share markets continued to witness selling pressure during closing hours and ended their day deep in the red.

At the closing bell, the BSE Sensex stood lower by 418 points (down 1.1%) and the NSE Nifty closed down by 134 points (down 1.2%).

The BSE Mid Cap index ended the day down 1.3%, while the BSE Small Cap index ended the day down 1.7%.

Note that the decline in small-cap segment has been sharper since the Union Budget, with the BSE Smallcap index hitting its lowest level since February 2017.

But Richa Agarwal says this fall currently offers the best bargains to the market.

In the video, she talks about picking the right stocks to benefit from the upcoming rebound.

You can know more about small caps here: One Stock CrorepatiBest Stock to BuyFalling Smallcap StocksSmallcap Stocks Under Modi 2.0, and Crorepati stocks.

Sectoral indices ended on a negative note with stocks in the banking sectorpower sector, and energy sector witnessing most of the selling pressure.

The rupee was trading at 70.46 against the US$.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 2.85% and the Shanghai Composite was down by 1.62%. The Nikkei 225 was down 1.74%.

European markets were also trading on a negative note. The FTSE 100 was down by 1.85%. The DAX was trading down by 1.31%, while the CAC 40 was down by 1.77%.

Market participants were tracking Nesco share priceDilip Buildcon share priceKEI Industries share price, and Torrent Power share price as these companies announced their June quarter (Q1FY20) results today.

You can read our recently released Q1FY20 results: CeatApollo TyresITCNestle.

In the news from the finance sectorDHFL share price was in focus today.

The scrip of the company slumped 11% in Monday's trade after Deloitte quit as the auditor of cash-strapped company.

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