Stocks

Sensex drops over 400 points; RIL ends down 4%

Internet Desk | Updated on July 29, 2020 Published on July 29, 2020

Domestic equity benchmark indices reversed most of Tuesday's additions ending 1.10 per cent down, dragged by index heavyweight Reliance Industries.

The BSE Sensex ended 1.1 per cent lower at 38,071 while the Nifty closed below the 11,200 mark, down 0.9 per cent at 11,198.

Among the sectoral indices, the Pharma index outperformed in today's trade gaining 3.1 per cent. Dr Reddy's Labs was up 6.3 per cent at close. The other sectoral gainers include the PSU Bank index, which closed 1.5 per cent higher.

The Nifty Midcap index ended higher while the smallcap index closed little changed.

Among the laggards, the auto index closed 1.2 per cent lower. The Nifty IT index ended 0.9 per cent lower.

The market breadth was positive with 1,000 stocks gaining while 800 declined on the NSE.

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Published on July 29, 2020
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