Mumbai: Equity benchmark Sensex tanked over 600 points in early commerce on Friday, monitoring losses in HDFC Bank, L&T and Reliance Industries amid destructive cues from international markets.
The 30-share BSE index was buying and selling 617.10 points or 1.25 per cent decrease at 48,599.42, and the broader NSE Nifty fell 201.35 points or 1.38 per cent to 14,356.50.
ONGC was the highest loser in the Sensex pack, slumping round 5 per cent, adopted by L&T, Bajaj Finance, M&M, Maruti, SBI, Titan, HDFC twins and Reliance Industries.
On the opposite hand, Kotak Bank, Bharti Airtel and PowerGrid have been the gainers.
In the earlier session, Sensex ended 585.10 points or 1.17 per cent decrease at 49,216.52, and Nifty slumped 163.45 points or 1.11 per cent to 14,557.85.
Foreign institutional buyers (FIIs) have been web consumers in the capital market on Thursday as they purchased shares value Rs 1,258.47 crore, as per alternate information.
Domestic equities don’t look inspiring for the day. Intensifying considerations pertaining to the latest surge in coronavirus circumstances in numerous components of the nation have clearly dented buyers’ sentiments in home markets, mentioned Binod Modi Head-Strategy at Reliance Securities.
Further, a pointy spike in USA treasury yields and inflationary considerations additionally weighed on sentiments, he famous.
“US equities finished sharply lower yesterday as investors dealt with twin threats of rising bond yields and sliding oil prices. 10-Year US Treasury yield surged 9 bps on Thursday to 14-month high to 1.73 per cent despite Federal Reserve maintaining its dovish stance on interest rates,” Modi added.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul have been buying and selling on a destructive observe in mid-session offers.
#mute
Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.16 per cent greater at USD 63.38 per barrel.
