Closing Bell: Sensex crashes 630 points, Nifty 185 points lower dragged by banks, IT stocks; Adani Enterprises top loser

Closing Bell: Indian frontline indices S&P BSE Sensex and NSE Nifty50 retreated on Tuesday dragged by banks & financial services stocks, metals and IT stocks. S&P BSE Sensex ended day's trade at 60,115.48, down 631.83 points or 1.04 per cent while the broader market Nifty50 crashed 185 points or over 1 per cent at 17,915.60. Banking gauge Nifty Bank finished at 42,014.75, lower by 568 points or 1.33 points. 

In the 50-stock Nifty50, 17 stocks advanced with Tata Motors, Apollo Hospitals, Hindalco Industries, Power Grid and Divi's Laboratories ending as top gainers while Adnai Enterprises, Bharti Airtel and SBI witnessing massive selling pressure.

Source: NSE

 Source: NSE

Out of 15 Nifty sectoral indices, 12 ended with losses. The worst performers were Nifty Bank, Nifty Financial Services, Nifty IT and Nifty Metal. The gainers were Nifty Auto. Nifty Healthcare Index and Nifty Oil & Gas sectors closed with minor gains. Selling pressure was seen in the broader markets too as Nifty Mid Cap 100 and Nifty Small Cap 100 finsihed negative. 

Rupee gains 55 paise to close at 81.80 (provisional) against US dollar, PTI reported. Rupee witnessed a 7-month high of 81.77 against greenback, appreciating by 0.61 per cent on the intraday basis, commodity and currency expert Anuj Gupta said. He said that Dollar weakness for the reason behind spike in INR. Dollar's weakness in on anticipation of slow interest rate hike in the upcoming FOMC meeting. 

Weakness in Dollar Index has also kept price of crude oil in check. 

Read More: TCS triggers fall in frontline indices after mixed Q3 results; this analyst puts stock in no-go zone  

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