Domestic stock markets plunged on aggressive gains. The Sensex lost nearly 600 points. The Nifty lost a crucial 165 points.
Sensex loss: Domestic stock markets plunged on aggressive gains. The Sensex lost nearly 600 points. The Nifty lost another key 15,100 milestone. Shares of Nifty Bank, Financial Services, Metal and Private Banks came under selling pressure. Shares of IT, Pharma, PSU Bank and FMCG gained some ground.
The Sensex, which started the day at a low of 50,711 points on Thursday morning, remained in the red throughout the day. The index lost nearly 900 points at one stage .. recovered slightly in the middle .. finally ended at 50,846.08 with a loss of 598.57 points. Accordingly, the National Stock Exchange Nifty also lost 164.80 points to settle at 15,080. Shares of JSW Steel, Hindalco Industries, HDFC, Tata Steel and Tata Motors were the main losers in the Nifty. Shares of Ultratech Cement, Shree Cements, Adani Ports, Grasim Industries and Dr Reddy’s Labs gained. International markets also faced selling pressure. The rupee had closed at 72.83 against the dollar in yesterday’s trade.
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