JUST IN
You are here: Home » Markets » News

Markets: Sensex plunges 800 pts from day's high on geopolitical concerns

Catch all the live market updates here

Topics
MARKET LIVE | Markets | GDP growth

SI Reporter  | New Delhi 

Tiny URL Add to My Page Print

EVENT HIGHLIGHTS

Stock market
The Indian market erased all its morning gains and slipped into the red on Monday after media reports said the Chinese troops 'carried out provocative military movements in Eastern Ladakh to change the status quo' but they were blocked by Indian soldiers, the government said today. The incidents took place in the between August 29-30 night. READ MORE

Volatility index, India VIX, shot up over 13 per cent to above 20 levels.

Among the benchmark indices, the S&P BSE Sensex was trading 260 points, or 0.7 per cent, lower at 39,200 levels. Earlier in the session, the index had briefly reclaimed the 40,000 mark. The NSE's Nifty also gave up the crucial 11,600-mark.

Sun Pharma (down 4%), IndusInd Bank and SBI (both down 3%), and Kotak Mahindra Bank (down 2.5%) were the top Sensex laggards. On the other hand, ONGC was up 2 per cent.

The Nifty sectoral indices were all in the red, led by Nifty Metal index, down 2.5 per cent.

The broader markets fared worse as compared to the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 2 per cent and 3 per cent lower, respectively.

CATCH ALL THE LIVE UPDATES

Auto Refresh