Sensex tumbles 900 points amid broad-based selloff; slips below 64,000
The Hindu
Sensex plunges 900 points, slips below 64,000; Nifty down 1.39%. Selloff across sectors, FIIs offload ₹4,236.60 crore. M&M, Bajaj Finserv, Asian Paints, Nestle, JSW Steel, Titan, HDFC Bank, Tech Mahindra, Tata Motors, L&T worst hit
Sliding for the sixth straight session, equity benchmark Sensex on Thursday plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East.
Besides sluggish trends in global markets, deep losses in auto, financial and energy stocks as well as fresh selling by foreign investors added to the gloom, analysts said.
The 30-share BSE Sensex slumped 900.91 points or 1.41% to settle below the 64,000 mark at 63,148.15. During the day, it plummeted 956.08 points or 1.49% to 63,092.98.
The Nifty dived 264.90 points or 1.39% to 18,857.25.
Since October 17, the BSE benchmark has tumbled 3,279.94 points or 4.93%, while the Nifty fell 954.25 points or 4.81%.
Mahindra & Mahindra was the biggest loser in the Sensex pack, falling 4.06%, followed by Bajaj Finserv, Asian Paints, Nestle, Bajaj Finserv, JSW Steel, Titan, HDFC Bank, Tech Mahindra, Tata Motors and Larsen & Toubro.
In contrast, Axis Bank, ITC, HCL Technologies, NTPC and IndusInd Bank were the gainers.
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Sensex and Nifty rebounded but fell due to foreign fund outflows, with TCS leading gainers and FIIs selling off equities.
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
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