Sensex plunges 318 points; Nifty ends below 11,600
Highlights
- The benchmark BSE sensex fell 318.18 points or 0.81 per cent to close at 38,897
- The broader NSE Nifty fell 90.60 points or 0.78 per cent to finish at 11,596.90
(Representative image) NEW DELHI: Equity indices on Thursday fell sharply dragged by losses in financials, amid weak cues from global markets and unabated foreign fund outflow.
The benchmark BSE sensex fell 318.18 points or 0.81 per cent to close at 38,897. While, the broader NSE Nifty fell 90.60 points or 0.78 per cent to finish at 11,596.90.
25 out of 30 stocks finished in red on the BSE platform. Top loosers in the sensex pack include Yes Bank, ONGC, Tata Motors, M&M, Vedanta, Maruti, Bajaj Auto and TCS, with their shares falling as much as 12.85 per cent.
While, HDFC, Kotak Bank, HDFC Bank, Bajaj Finance, ITC were the only gainers -- rising as much as 2.26 per cent.
On NSE, sub-indices Nifty Financial Service and Media ended in green, rising as much as 0.23 per cent. All other sub-indices ended in red as with Nifty PSU Bank and Auto cracking up to 3.18 per cent.
Yes Bank on Wednesday reported a bigger-than-expected 91% drop in quarterly profit as provisions surged, prompting brokerages including Jefferies and JP Morgan to slash their price targets on the stock.
According to traders, investor sentiment took a hit tracking tepid quarterly earnings, amid weak cues from other global markets and continued foreign fund outflow.
On the currency front, the Indian rupee depreciated 12 paise to 68.95 against the US dollar (intra-day).
Meanwhile, the global oil benchmark Brent crude futures rose 0.33 per cent to $63.87 per barrel.
The benchmark BSE sensex fell 318.18 points or 0.81 per cent to close at 38,897. While, the broader NSE Nifty fell 90.60 points or 0.78 per cent to finish at 11,596.90.
25 out of 30 stocks finished in red on the BSE platform. Top loosers in the sensex pack include Yes Bank, ONGC, Tata Motors, M&M, Vedanta, Maruti, Bajaj Auto and TCS, with their shares falling as much as 12.85 per cent.
While, HDFC, Kotak Bank, HDFC Bank, Bajaj Finance, ITC were the only gainers -- rising as much as 2.26 per cent.
On NSE, sub-indices Nifty Financial Service and Media ended in green, rising as much as 0.23 per cent. All other sub-indices ended in red as with Nifty PSU Bank and Auto cracking up to 3.18 per cent.
Yes Bank on Wednesday reported a bigger-than-expected 91% drop in quarterly profit as provisions surged, prompting brokerages including Jefferies and JP Morgan to slash their price targets on the stock.
According to traders, investor sentiment took a hit tracking tepid quarterly earnings, amid weak cues from other global markets and continued foreign fund outflow.
On the currency front, the Indian rupee depreciated 12 paise to 68.95 against the US dollar (intra-day).
Meanwhile, the global oil benchmark Brent crude futures rose 0.33 per cent to $63.87 per barrel.
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