Final Trade: Sensex down 645 pts, Nifty closes at 24,610 as bears take charge of D-Street
Sensex tanks 645 pts, Nifty ends below 24,610; M&M, Bajaj Finserv among top drags
)
04:05 PM IST
Thursday was not a good session on Dalal Street, as benchmark indices closed sharply lower as selling pressure stepped up due to weak global cues. The S&P BSE Sensex plunged 644.64 points to settle at 80,951.99, while the NSE Nifty50 slipped 203.75 points to end the day at 24,609.70.
Despite a strong session on Wednesday, bears owned this trading session for most of the time, as plenty of stocks in important sectors underwent profit booking after good runs recently. Global weakness kept investors cautious along with the upcoming earnings and macro data.
Top gainers and losers
IndusInd Bank was the only gainers that mattered, with a surge of 1.82 per cent. Two-wheeler stocks created some strong buying as they pushed Bharti Airtel into the second position with a 0.44 per cent gain, while UltraTech Cement pushed up 0.10 per cent.
Nevertheless, on a broader market basis, the trend was bearish; Mahindra & Mahindra was the biggest loser with a decline of 2.27 per cent. Bajaj Finserv followed with a drop of 1.80 per cent, while Tech Mahindra and Power Grid Corporation lost 1.77 per cent and 1.74 per cent, respectively. FMCG giant ITC fell 1.58 per cent.
Other losers worthy of mention were HCL Tech, Infosys, and Reliance Industries, and the rest of the losers put some weight on the indices.
Broader market and sectoral trend
Selling was observed across all sectors. The IT sector, the auto sector, and the FMCG sector were the biggest losers. Analysts mention a global risk-off.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
Final Trade: Bears take over the markets as Sensex dips 511 pts; Nifty closes at 24,972; IT, auto top laggards
Final Trade: Bulls take charge of the markets as Sensex climbs 1,046 pts; Nifty closes at 25,112
Final Trade June 18: D-Street ends in red as Sensex settles 139 pts lower, Nifty closes at 24,812; IT, metal top losers
Final Trade (June 13): Sensex tanks 573 pts, investors lose Rs 2 lakh crore: 5 reasons why Dalal Street tumbled
Final Trade: Sensex dips 823 pts; Nifty closes at 24,888; Tata group shares slump after Air India flight crash
