Sensex down 600 points, Nifty down 165 points
MUMBAI: Domestic stock markets plunged on Thursday on the back of a series of gains. Shares of bank, financial services, metal and private sector banks came under selling pressure. Shares of IT, Pharma, PSU Bank and FMCG gained some ground. The Sensex lost nearly 600 points, while the Nifty lost another key 15,100 point milestone. The rupee had closed at Rs 72.83 against the dollar in yesterday’s trade. The Sensex, which started the morning with a loss of 50,711 points, remained in the red throughout the day.
The index, which had lost nearly 900 points at one stage, then recovered somewhat and finally closed at 50,846 points with a loss of 598.57 points. The Nifty also lost 164.80 points and settled at 15,080. Shares of JSW, Hindalco Industries, HDFC, Tata Steel and Tata Motors were the main losers. Ultratech Cement, Shree Cements, Adani Port, Grasim Industries and Dr Reddy’s Labs were among the gainers. International markets were also under pressure.