Sensex Tanks 844 Points, Nifty Ends Below 17,000 - IndusInd Bank, Nestle & Tata Steel Fall 3%
After opening the day on a negative note, Indian share markets continued their downtrend and fell sharply in the final hours.
The key benchmark indices cracked heavily in late trades as a weaker rupee, tepid FII flows and a gloomy global market scenario weighed on sentiment.
All sectoral indices ended in the red with realty, IT, metal, and FMCG sector stocks tanking the most. The banking index remained the only ones to shed less than 1%.
At the closing bell, the BSE Sensex stood lower by 844 points (down 1.5%).
Meanwhile, the NSE Nifty closed down by 257 points (down 1.5%).
Axis Bank, Adani Enterprises, and Asian Paints were among the top gainers today.
Divi's Laboratories, IndusInd Bank, and Eicher Motors on the other hand, were among the top losers today.
The SGX Nifty was trading at 16,935 down by 293 points, at the time of writing.
Broader markets ended on a negative note. The BSE Midcap index dived 1.6% and the BSE SmallCap index ended lower by 1.5%.
All sectors ended on a negative note with stocks in the IT sector, metal sector, realty sector and telecom sector witnessing most of the selling.
Defensive sectors were also not spared as pharma stocks and FMCG stocks witnessed heavy selling.
Shares of Star Cement, Chalet Hotels, and Kalpataru Power hit their 52-week highs today.
IndusInd Bank, Infosys, and TCS were amongst the most active shares on the BSE today.
If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.
Asian stock markets ended on a mixed note. The Nikkei ended the day lower by 2.6%, while the Hang Seng plunged 2.2%. The Shanghai Composite ended 0.2% higher.
The rupee is trading at 82.3 against the US$.
Gold prices for the latest contract on MCX are trading down by 0.5% at Rs 51,023 per 10 grams.
Meanwhile, silver prices for the latest contract on MCX are trading lower by 1.7% at Rs 59,102 per 1 kg.
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Sensex Tumbles 750 Points, Nifty Near 17,100; HDFC, Tata Motors, and ITC Top Losers
Sensex Trades Marginally Lower, Nifty Near 17,300; ICICI Bank, Tata Steel & SBI Top Losers
Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity ...
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