Sensex Corrects Over 600 Points; IndusInd Bank & HDFC Top Losers
Wed, 28 Oct 02:30 pm | Yash Vora, TM Team

Share markets in India have extended losses and are presently trading deep in the red.

After opening the day marginally higher, benchmark indices erased gains and slipped into red, weighed down by the weakness in banking stocks.

Further, weak global cues amid surging coronavirus cases and nervousness ahead of the US Presidential elections next week dampened sentiment.

The United States, Russia, France and other countries have registered record numbers of infections in recent days, and European governments have introduced fresh movement restrictions to try to curb in the fast-spreading outbreaks.

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The BSE Sensex is trading down by 608 points, down 1.5%. Meanwhile, the NSE Nifty is trading down by 167 points.

Shares of IndusInd Bank fell over 3.5%, while HDFC, Kotak Mahindra Bank, and ICICI Bank fell over 2%.

Barring telecom stocks, all sectoral indices are trading in red with stocks in the banking sector and finance sector witnessing most of the selling pressure.

More details to follow in the upcoming commentary.

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Stock Market Updates

Oct 28, 2020 01:17 PM

AMARA RAJA BATTERIES share price is trading down by 5% and its current market price is Rs 790. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are CASTROL INDIA (up 7.6%) and KPR MILL (up 7.5%). The top losers are AMARA RAJA BATTERIES (down 5.2%) and VEDANTA (down 6.3%).

Oct 28, 2020 12:30 pm

BSE Sensex is trading down by 209 points, while the NSE Nifty is trading down by 49 points.

Oct 28, 2020 12:47 PM

LAKSHMI VILAS BANK share price is trading down by 5% and its current market price is Rs 16. The BSE BANKEX is down by 2.1%. The top gainers in the BSE BANKEX Index are RBL BANK (up 0.6%) and CITY UNION BANK (up 0.6%). The top losers is LAKSHMI VILAS BANK (down 5.1%).

Oct 28, 2020 12:45 PM

The BSE BANKEX Index Down at 28,411 (down 2.1%). Among the top losers in the BSE BANKEX Index today are ICICI BANK, KOTAK MAHINDRA BANK and YES BANK. Meanwhile, the BSE Sensex has plunged 1.2% to 40,664.

Oct 28, 2020 12:43 PM

GE POWER INDIA share price is trading down by 10% and its current market price is Rs 318. The BSE CAPITAL GOODS is up by 0.3%. The top gainers in the BSE CAPITAL GOODS Index are CARBORUNDUM UNIVERSAL (up 2.1%) and SIEMENS (up 1.2%). The top losers is GE POWER INDIA (down 10.4%).

Oct 28, 2020 11:57 AM

APL APOLLO TUBES share price has hit an all time high at Rs 3,188 (up 2.8%). The BSE CAPITAL GOODS Index is up by 0.3%. Among the top gainers in the BSE CAPITAL GOODS Index today are APL APOLLO TUBES (up 2.8%) and SCHAEFFLER INDIA (up 0.9%). The top losers include LAKSHMI MACHINE and HEG (down 0.1%).

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