Market Roundup: BSE Sensex plunges 871 factors, Nifty ends beneath 14,600
Barring financials and metals, all key sectoral indices resulted in crimson. Additional, futures and choices (F&O) expiry issue additionally contributed to volatility
Each the market indices plunged over 1.5 % to offer a unfavourable ending for the second consecutive day on Thursday, 25 March, with the BSE Sensex ending beneath the 48,500 mark.
The BSE Sensex plunged 740.19 factors or 1.51 % to shut at 48,440.12. There have been solely 4 gainers on the BSE together with Dr Reddy, ICICI Financial institution, Larsen & Toubro (LT) and HDFC. Whereas the worst performers are Maruti Suzuki, Bharti Airtel, Hindustan Unilever, Bajaj Auto and NTPC.
Prime BSE Sensex gainers:
Dr Reddy: The shares of the corporate gained 0.74 % to shut at Rs 4,383.30.
ICICI Financial institution: Share of the financial institution witnessed a hike of 0.70 % to finish at Rs 571.40.
HDFC: The corporate shares ended at Rs 2,472.45 with a hike of 0.25 %.
Larsen & Toubro (LT): 0.21 % rise was observed within the share value of the corporate which closed at Rs 1,371.45.
Prime BSE Sensex Losers:
Maruti Suzuki: The shares fell 3.98 % to offer a decrease ending at Rs 6,786.15.
Bharti Airtel: 2.98 % fall was witnessed within the share costs of the telecom main to finish at Rs 508.00.
Hindustan Unilever: The corporate shares plunged 2.92 % to finish at Rs 2,250.50.
Bajaj Auto: The shares closed at Rs 3,501.85 witnessing a decline of two.86 %.
NTPC: 2.83 % decline was famous within the share costs which closed at Rs 103.00.
The NSE Nifty closed the day decrease at 14,324.90, down 224.50 factors or 1.54 %. All of the Nifty sectoral indices too gave a unfavourable closing on Thursday. Nifty FMCG closed at 33,213.15 down by 773.95 factors or 2.28 % adopted by the Nifty IT index which fell 565.85 factors or 2.19 % to shut at 25,237.10. Nifty Auto declined by 273.90 factors or 2.76 % to settle the day at 9,651.35 and Nifty Pharma which misplaced 0.83 % or 99.50 factors to finish at 11,816.80
Prime gainers on NSE Nifty:
Tata Metal: The share value surged 2.87 % to shut at Rs 722.95.
Dr Reddy: It witnessed a hike of 0.78 % to shut at Rs 4,384.50.
ICICI Financial institution: 0.55 % achieve was witnessed by the financial institution to shut the day at Rs 570.60.
HDFC: Shares closed at Rs 2,478.00 with a achieve of 0.50 %.
Larsen & Toubro: 0.35 % soar was witnessed within the share costs of the corporate which closed at Rs 1,374.00.
Prime losers on NSE Nifty:
IOC: The shares of the corporate declined by 4.02 % to settle decrease at Rs 90.75.
Maruti Suzuki: 3.88 % fall was noticed within the share costs which closed at Rs 6,792.00.
Coal India: The shares dragged by 3.40 % to finish at Rs 127.80.
Bharti Airtel: The shares of the corporate closed at Rs 507.20 witnessing a decline of three.14 %.
Hindustan Unilever: The corporate shares misplaced 3.00 % to settle the day at Rs 2,248.95.
“Home equities fell for the third consecutive day regardless of beneficial cues from Asian markets as prevailing issues with reference to sharp rise in COVID-19 circumstances have clearly dented traders’ sentiments,” stated Binod Modi, Head – Technique at Reliance Securities.
Barring financials and metals, all key sectoral indices resulted in crimson. Additional, futures and choices (F&O) expiry issue additionally contributed to volatility, he famous, including that market capitalisation of home market slipped beneath Rs 200 trillion first time after February 3, 2021, leading to wealth erosion of over Rs 5 trillion in final two days.
Elsewhere in Asia, bourses in Shanghai and Hong Kong have been within the crimson, whereas Tokyo and Seoul ended on a constructive observe. Inventory exchanges in Europe have been buying and selling with losses in mid-session offers. In the meantime, the worldwide oil benchmark Brent crude was buying and selling 1.35 per cent decrease at $63.54 per barrel.
With inputs from PTI
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