Sensex tanks over 1,100 points; Nifty at 10,800

Our Bureau/Agencies | Updated on September 24, 2020 Published on September 24, 2020

The Bombay Stock Exchange building   -  Reuters

Auto and IT indices drop over 4 per cent

Equity indices on Thursday fell over 1,100 points dragged by Auto, IT and banking stocks amid a selloff in global equities after US Federal Reserve officials warned the US economy was worse than the market was pricing in.

Expiry of September derivatives contracts amid a bearish sentiment, added to investor woes.

At close, the Sensex ended down 1,114 points at 36,553 while the Nifty tanked 326 points to 10,805.

The Sensex hit an intraday high of 37,304 and a low of 36,495. Similarly, the Nifty touched an intraday high of 11,015 and a low of 10,791. The market breadth was negative 1,509 shares declined, against advance of 327 shares.

Among the Nifty50 constituents, 47 stocks ended with losses in today's session.

All sectoral indices ended with losses lead by Nity Metal and Nifty IT ending with losses of 4.3 per cent and 4.28 per cent respectively.

Nifty Bank, Nifty Auto, Nifty Media, Nifty Pharma, Nifty Realty, and Nifty PSU Bank indices feel over 3 per cent each today.

Both Nifty Midcap and the Nifty Smallcap indices ended with loses of over 2.5 per cent each.

The India Volatility Index gained 12 per cent higher at 23.57.

Top Nifty gainers were Bharti Infratel, Zee and Hundustan Unilever, while the major losers were IndusInd Bank, Tata Motors, Bajaj Finance, Grasim and TCS.

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Published on September 24, 2020
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