Sensex, Nifty plunge nearly 1 per cent on weak global cues; RIL, Infosys weigh : The Tribune India

Join Whatsapp Channel

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

Tech Mahindra, Asian Paints, Wipro, Kotak Mahindra Bank, Bajaj Finserv, Infosys, ITC, Mahindra & Mahindra among major losers

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

Photo for representational purpose only. PTI file



PTI

Mumbai, September 28

Equity benchmark indices Sensex and Nifty fell by nearly 1 per cent 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 per cent to settle at 65,508.32. During the day, it plunged 695.3 points or 1.05 per cent to 65,423.39.

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

Tech Mahindra was the biggest loser in the Sensex pack, slipping 4.59 per cent, 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.

European markets were trading in the negative territory. The US markets ended on a mixed note on Wednesday.

Global oil benchmark Brent crude dipped 0.38 per cent to USD 96.18 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 354.35 crore on Wednesday, according to exchange data.

“The selling was broad-based, as investors are on alert given the rise of oil prices. If crude continues to stay above the USD 90 level, it will be a threat to inflation and boil the operational margins. Currently, the combination of higher interest rates and US bond yields are influencing FIIs to stay in the selling mode,” said Vinod Nair, Head of Research at Geojit Financial Services.

The BSE benchmark had climbed 173.22 points or 0.26 per cent to settle at 66,118.69 on Wednesday. The Nifty gained 51.75 points or 0.26 per cent to end at 19,716.45.

#Mumbai #Sensex


Top News

Anumula Revanth Reddy set to become Telangana CM

Revanth Reddy set to become Telangana CM

The formal announcement will be made after a meeting being h...

With Mamata, Nitish, Akhilesh, Stalin skipping it, Mallikarjun Kharge postpones INDIA meet

With Mamata, Nitish, Akhilesh, Stalin skipping it, Mallikarjun Kharge postpones INDIA meet

He had called the December 6 meeting of the bloc after the p...

Khalistani terrorist and Bhindranwale’s nephew Lakhbir Singh Rode dies in Pakistan

Lakhbir Singh Rode, Khalistani terrorist and Bhindranwale's nephew, dies in Pakistan

Rode was accused in the 1985 bombing of the Air India jet Ka...

Khalistani terrorist Lakhbir Rode's close associate Paramjit Dhadi held in Amritsar

Paramjit Dhadi, close associate of Khalistani terrorist Lakhbir Rode, held in Amritsar

Paramjit Singh alias Dhadi was allegedly involved in terror ...

Balwant Rajoana goes on hunger strike in Patiala jail as SGPC turns down his request to withdraw mercy plea

Balwant Rajoana goes on hunger strike in Patiala jail as SGPC turns down his request to withdraw mercy plea

Last week, Rajoana had threatened to proceed on hunger strik...


Cities

View All