A complete of two,232 corporations declined, whereas 1,426 superior and 142 remained unchanged on the BSE. (Representative picture/Reuters)
The 30-share BSE Sensex plummeted 900.91 factors or 1.41 per cent to settle under the 64,000 mark at 63,148.15.
Dalal Street traders’ wealth (*6*)plunged Rs 17.77 lakh crore as markets fell for a sixth straight session on Thursday, with traders remaining a fearful lot amid escalating pressure within the Middle East. Besides, recent overseas fund outflows additionally dented sentiments in fairness markets.
Also Read: (*6*)Terrible Thursday! Why Is Market Falling?
The 30-share BSE Sensex plummeted 900.91 factors or 1.41 per cent to settle under the 64,000 mark at 63,148.15. During the day, it dived 956.08 factors or 1.49 per cent to 63,092.98. Since October 17, the BSE benchmark has tumbled 3,279.94 factors or 4.93 per cent.
The market capitalisation of BSE-listed firms plunged by Rs 17,77,622.41 crore to Rs 3,06,04,802.72 crore throughout this era. ”In the backdrop of weak world cues, traders shunned native equities at will on the month-to-month F&O expiry day with benchmark Nifty closing under the essential 19k mark amid promote-off in frontline banking, vehicle and IT shares.
“Investors are worried about the simmering West Asia conflict, economic uncertainty and rate hike woes, and hence maintained their bearish stance for the sixth straight session,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd, mentioned.
Mahindra & Mahindra was the most important drag within the Sensex pack, falling 4.06 per cent, adopted by Bajaj Finance, Asian Paints, Bajaj Finserv, Nestle, Titan, JSW Steel, Tech Mahindra, HDFC Bank, Tata Motors and Larsen & Toubro. In distinction, Axis Bank, ITC, HCL Technologies, NTPC and IndusInd Bank had been the gainers.
A complete of two,232 corporations declined, whereas 1,426 superior and 142 remained unchanged on the BSE.
“The market correction has been led by two primary factors: global geopolitical tensions and rising bond yields in the US markets. These challenges have a long-term impact on equities, but domestic factors in India remain encouraging,” mentioned Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS.
In the broader market, the BSE midcap gauge fell 1.06 per cent and the smallcap index declined 0.32 per cent. Among the indices, auto dropped 1.81 per cent, oil & fuel slipped 1.54 per cent, metallic (1.54 per cent), monetary providers (1.46 per cent), client discretionary (1.41 per cent), client durables (1.41 per cent), telecommunication (1.25 per cent), realty (1.22 per cent) and teck (1.16 per cent).
Utilities and energy had been the gainers.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)
