Nifty plunged 331.55 factors or 2.11% to shut at 15,360.60.
Nifty plunged 331.55 factors or 2.11% to shut at 15,360.60.
Equity indices confronted heavy drubbing on Thursday after an preliminary rally, with the Sensex tanking 1,045.60 factors amid a largely bearish pattern abroad after the U.S. Federal Reserve hiked charges by 75 foundation factors.
Across-the-board promoting performed havoc on the headline indices, with index majors Reliance Industries and HDFC twins contributing most to the decline.
Despite a sensible rally in morning commerce, the BSE benchmark failed to carry on to the positive aspects and plummeted 1,045.60 factors or 1.99% to settle at 51,495.79 – its fifth day of decline.
During the day, it tumbled 1,115.91 factors or 2.12% to its one-year low of 51,425.48.
On related traces, the NSE Nifty plunged 331.55 factors or 2.11% to shut at 15,360.60.
From the Sensex pack, Tata Steel, Tech Mahindra, IndusInd Bank, Wipro, Bharti Airtel, Bajaj Finance, Kotak Mahindra Bank and NTPC had been the largest laggards.
Nestle India was the one gainer.
Elsewhere in Asia, markets in Shanghai and Hong Kong settled decrease, whereas Tokyo and Seoul ended marginally greater.
Markets in Europe had been buying and selling sharply decrease in mid-session offers.
Stock exchanges within the U.S. ended with sharp positive aspects within the in a single day session on Wednesday regardless of the speed hike by Fed.
“The early gains led by an in-line Fed policy was dampened as recessionary fears haunted global sentiments,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.
Meanwhile, worldwide oil benchmark Brent crude dipped 0.66% to $117.68 per barrel.
Foreign institutional traders (FIIs) remained web sellers within the capital market, as they bought shares value ₹3,531.15 crore on Wednesday, as per trade information.
Source: www.thehindu.com
