Sensex nosedives 1,066 points on heavy sell-off

BL Internet Desk | Updated on October 15, 2020 Published on October 15, 2020

Nifty falls 290.70 points to 11,680.35

Closing session

Equity benchmark Sensex tumbled over 1,000 points and the Nifty had lost 290 points on Thursday tracking losses in index majors amid weak cues from global markets.

The 30-share BSE index declined 1,066.33 points or 2.61 per cent and ended at 39,728.41, and the broader NSE Nifty fell 290.70 points or 2.43 per cent to 11,680.35.

Bajaj Finance was the top loser in the Sensex pack, shedding around 5 per cent, followed by Tech Mahindra, HCL Tech, TCS, ICICI Bank, Kotak Bank and SBI.

Out of the 30 stocks in the Sensex, 29 stocks have declined and Asian Paint was the lone gainer in the group.


Afternoon update:

The benchmark indices dropped drastically towards the end of the session.

The BSE Sensex is now at 39,700.00, fall of 1094.74 points or 2.68 per cent.

The NSE Nifty index also showed a drop, reaching 11,664.80 mark.  Witnessed a fall of around 306.25 points or 2.56 per cent.

Alll the sectoral indices are in red, led by Realty, Bank and Pharma.  

Nifty call:

Strategy: Sell on rallies with a stop-loss maintained at 11,860 levels

Supports: 11,775 and 11,750

Resistances: 11,860 and 11,900



At 1.29 pm, Indices reached their day's low. The NSE Nifty was down to 11,845.65, drop of 125.40 points or 1.05 per cent. IT, FMCG and Banks witnessed major selling.

BSE Sensex was down to 40,305.91, a fall of 488.83 points or 1.20 per cent.

Tata steel, Hindalco and JSW steel were the top gainers. Meanwhile, Tech mahindra, HCL Tech and Infosys were the top laggards.

Noon Update:

At 12.35 pm, The Benchmark indces extended the opening losses .They are trading near the day's low. Nifty is  testing 11,900-mark. 

BSE Sensex is around 40,519.80, down 274.94 points or 0.67 per cent. Around 1176 shares advanced, 1195 declined and 161 remained unchanged.

NSE Nifty 50 was trading at 11,897.05,  down 74.00 points or 0.62 per cent. Bank, auto and FMCG are in the green zone. Nifty Pharma and realty are the the top laggards.


Infosys shares down 3%


Shares of Infosys on Thursday erased its opening gains and declined 3 per cent on emergence of profit-booking a day after the company announced its September quarter earnings.

Tata Elxsi shares jump over 5%


Shares of design and technology services provider Tata Elxsi on Thursday rose by over 5 per cent in early trade on the bourses after the company reported a 58.3 per cent increase in net profit for the September quarter.


Rupee call:

The rupee (INR) gained marginally yesterday, as it closed at 73.29 versus 73.34 – its previous close. The local currency opened flat today and is hovering at the important level of 73.3. If INR strengthens from the current level, it is likely to face a hurdle at 73.15. A breakout of this level can rally to 73. On the other hand, if the rupee declines, it has a support at 73.5. A breach of this level can drag the domestic currency to 73.7. Below this level, 74 can be the support.


Morning update:

The benchmark indices were trading flat at 10.25 am. The NSE Nifty is at 11,947.55, a drop of 23.50 points or 0.20 per cent. 

The BSE Sensex was at 40,681.78, fall of 112.96 points or 0.28 per cent. Around 1165 advanced, 854 declined, and 145 remained unchanged.

Opening session

Equity benchmark Sensex dropped over 200 points in opening trade on Thursday tracking losses in index majors TCS, ICICI Bank and HDFC Bank amid weak cues from global markets.

The 30-share BSE index was trading 248.36 points or 0.61 per cent lower at 40,546.38, and the broader NSE Nifty fell 62.05 points or 0.52 per cent to 11,909.

Tech Mahindra was the top loser in the Sensex pack, shedding around 2 per cent, followed by HCL Tech, TCS, ICICI Bank, Bajaj Finance and ITC.

On the other hand, Tata Steel, ONGC, NTPC, Asian Paints, M&M, Nestle India and Bharti Airtel were among the gainers.

In the previous session, Sensex ended at 40,794.74, up 169.23 points or 0.42 per cent, while the broader Nifty rose 36.55 points or 0.31 per cent to 11,971.05.

Exchange data showed that foreign institutional investors bought equities worth Rs 821.86 crore on a net basis on Wednesday.

According to traders, weak cues from global markets led domestic benchmark indices lower.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note in mid-session deals.

Stock exchanges in the US too ended in the red in overnight session amid uncertainty over US economic stimulus.

Meanwhile, international oil benchmark Brent crude was trading 0.16 per cent higher at USD 43.39 per barrel

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Published on October 15, 2020
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