Sensex, Nifty plunge nearly 1% on weak global cues; RIL, Infosys weigh

Sensex, Nifty fall 1% on September 28, 2023 due to FII outflows, heavy selling in Reliance, Infosys & ITC. Tech Mahindra biggest loser in Sensex; Asian, European markets in red. Brent crude dips 0.38% to $96.18

Equity benchmark indices Sensex and Nifty fell by nearly 1% on Thursday due to unabated foreign capital outflows amid a largely negative trend in global markets.

Besides, heavy selling pressure in index major Reliance Industries, Infosys and ITC also dented market sentiments, traders said.

The 30-share BSE Sensex fell 610.37 points or 0.92% to settle at 65,508.32. During the day, it plunged 695.3 points or 1.05% to 65,423.39.

The Nifty declined 192.90 points or 0.98% to end at 19,523.55.

Tech Mahindra was the biggest loser in the Sensex pack, slipping 4.59%, followed by Asian Paints, Wipro, Kotak Mahindra Bank, Bajaj Finserv, Infosys, ITC, Mahindra & Mahindra, Hindustan Unilever, IndusInd Bank, Reliance Industries and JSW Steel.

In contrast, Larsen & Toubro, Bharti Airtel, Power Grid and Axis Bank were among the gainers.

In Asian markets, Shanghai ended in the green while Tokyo and Hong Kong settled lower. Trading was closed in South Korea for a holiday.