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- BSE, CDSL: What charts indicate for stock exchange, depository stocks
- Vodafone Idea hits 15-month high ahead of board meeting for fund raising
MARKET: Sensex tanks 634 pts on broad-based sell-off; Nifty Bank slips 2%
All that happened in the markets today
Topics
Markets | Vodafone Idea | GVK Power and Infrastructure
SI Reporter |
Last Updated at September 4, 2020 16:31 IST
EVENT HIGHLIGHTS
(Photo: Kamlesh Pednekar)
The Indian markets ended over 1.5 per cent lower on Friday amid across-the-board sell-off. The volatility index, India VIX, rose over 7 per cent to 21.95 levels.
The S&P BSE Sensex tanked 634 points, or 1.63 per cent, to settle at 38,357 levels. Of 30 constituents, 29 declined and just one advanced. Axis Bank (down 4 per cent) ended as the biggest loser on the index. On the other hand, Maruti ended as the only gainer (up nearly 2 cent).
Reliance Industries (RIL), HDFC, ICICI Bank, and Infosys were the major contributors to the Sensex's loss.
NSE's Nifty ended at 11,334, down 194 points or 1.68 per cent.
On a weekly basis, Sensex declined 2.8 per cent while NSE slipped 2.69 per cent.
On a weekly basis, Sensex declined 2.8 per cent while NSE slipped 2.69 per cent.
All the Nifty sectoral indices were painted red, led by Nifty Metal, which slipped 3 per cent to 2,451 levels. Nifty Bank dipped over 2 per cent to 23,011.50 levels, with all the 12 constituents declining.
In the broader market, the S&P BSE MidCap index fell 1.74 per cent to 14,817 levels while the S&P BSE SmallCap index fell over 1 per cent to 14,603 points.
Buzzing stocks
In the broader market, the S&P BSE MidCap index fell 1.74 per cent to 14,817 levels while the S&P BSE SmallCap index fell over 1 per cent to 14,603 points.
Buzzing stocks
Shares of Vodafone Idea (VIL) hit a 15-month high of Rs 13.45 during the session on the BSE ahead of the company's board meeting later in the day to consider fund raising plan. The stock, however, ended at Rs 12.01 on the BSE, down over 4 per cent. READ MORE
Granules India hit an all-time high of Rs 350 during the session, up 8 per cent. The stock settled at Rs 346, up nearly 6.5 per cent.
Shares of CreditAccess Grameen rallied 9 per cent to hit a high of Rs 749 on the BSE in the intra-day session after the company announced that its board has approved Rs 1,000 crore fund raising plans. The stock ended at Rs 703.40, up over 2 per cent. READ MORE
Shares of CreditAccess Grameen rallied 9 per cent to hit a high of Rs 749 on the BSE in the intra-day session after the company announced that its board has approved Rs 1,000 crore fund raising plans. The stock ended at Rs 703.40, up over 2 per cent. READ MORE
Global markets
China stocks closed lower on Friday after a sharp overnight selloff in Wall Street, with the benchmark Shanghai index posting a weekly loss after a five-week winning streak.
The blue-chip CSI300 index fell 1 per cent to 4,770.22, while the Shanghai Composite Index ended 0.9 per cent lower at 3,355.37.
In commodities, oil held around $44 a barrel and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the Covid-19 pandemic.
(With inputs from Reuters)
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