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US woes drag Sensex down by 769 points
Tribune News Service

An investor watches a stock ticker outside the Bombay Stock Exchange in Mumbai on Monday, as Sensex suffered second biggest fall of 769 points
An investor watches a stock ticker outside the Bombay Stock Exchange in Mumbai on Monday, as Sensex suffered second biggest fall of 769 points. AFP photo

Mumbai, December 17
The Sensex today plunged 769 points or 3.84 per cent amidst global concerns about rising inflation in the US that could result in a firming of interest rates in the coming months.

As markets plunged around the world, the Sensex plunged to a low of 19,177 points before closing at 19,261. Large-scale selling was seen in the metals, real estate and oil and gas space. In the broader markets, the Nifty fell 4.48 per cent to close 270 points lower at 5,777 points after touching a low of 5,740.

Among the biggest losers today were DLF and NTPC, which fell by more than 7.3 per cent each. Other scrips like Tata Steel, HDFC, ONGC, Tata Motors and Hindalco Industries also fell by more than 5.7 per cent each.

Among the sectoral indices, the BSE metal index fell 7.28 per cent or 1,438 points. In the metals sector, JSW Steel at Rs 1,163 fell 12.9 per cent or Rs 173. Other major losers included Jindal Saw, down 10 per cent, Jindal Steel, down 9.5 per cent, Sterlite Industries down 8.4 per cent, Shree Precoated Steels, down 7.8 per cent and SAIL, down 7.2 per cent.

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