Sensex falls 346 pts, Nifty 103 pts; This is what hit the markets
Today, the BSE Sensex closed at 34,812.99, lower by 345.56 points or 0.98%, whereas Nifty closed at 10,482.20, lower by 103 points or 0.97%.
Today, the BSE Sensex closed at 34,812.99, lower by 345.56 points or 0.98%, whereas Nifty closed at 10,482.20, lower by 103 points or 0.97%. This massive setback was caused by intense fag-end selling mainly in auto and energy stocks amid renewed concerns over rupee fall and rising global crude oil prices.
Top gainers on BSE Sensex were Tata Steel which ended at Rs 582.90 up by 1.67% and Kotak Bank ended at Rs 1155.90 up by 1.59%, whereas Infosys and TCS rose gradually to Rs 664.45 and 1915.90 respectively.
Worst performers on BSE Sensex were led by Tata Motors, which was down by 4.85% ending at Rs 185.95, followed by Hero Motocorp at Rs 2837.50 low by 3.82%, Power Grid at Rs 186 down by 2.87%, Maruti at Rs 7073.90 below by 2.64% and Adani ports at Rs 328.05 down by 2.61%.
Top 2 Indexes which let the Sensex down were MidCap Index and Small Cap Index.
S&P BSE MidCap Index ended in red at 14807.55 low by 136.65 points or 0.91%. Best performer on the index were WockPharma which ended at Rs 568.25 up by 9.02%, DHFL at Rs 241.70 up by 3.96%, Fretail at Rs 508.75 up by 3.22%, Alkem at Rs 1960.10 up by 3.07% and PNB Housing at Rs 957 up by 3.04%
On Midcap sector the losers list involved a long line of companies, where Bank of India ended at Rs 87.25 low by 4.85%, Dalmia Bharat at Rs 2106.15 down by 4.18%, KIOCL ltd ended at Rs 172.75 low by 4.13%, Union Bank at Rs 78.45 low by 4.10% and Container Corporation ended at Rs 642.45 low by 3.88%.
On the other hand, S&P BSE SmallCap Index ended at 14549.46 low by 0.83%. Gainers here were Pokarna at Rs 167 up by 19.97%, BGR energy at Rs 68.80 up by 15.44%, Dalmia Sugar at Rs 110.95 up by 14.62%, Premier Explosives at Rs 219.90 up by 14.03% and Dhampur Sugar mill ended at Rs 178.90 up by 9.99%
Whereas in the losers list involved Avanti Feeds ended at Rs 375.10 low by 11.25%, Veto Switchgears and Cables ended at Rs 79.90 low by 9.97%, V.S.T.Tillers Tractors at Rs1615 low by 9.35%, S.P. Apparels ended at Rs 260.10 low by 8.74% and Orient bank ended at Rs 79.90 low by 8.63%.
According to PTI report, the benchmark Brent crude snapped its four-day losing streak and rose 2.09 per cent to 71.62 per barrel after Saudi Arabia, the world's top crude exporter, said Sunday it will cut oil output from next month, as major producers held a key meeting to discuss shoring up sliding prices.
Further reportedly impacting domestic market sentiments, the Indian rupee again breached the 73-mark, dropping 57 paise (intra-day) to 73.07 against the dollar.