Finance
Today’s Stock Market, Share Market Updates: Frontline equity indices on the BSE and National Stock Exchange (NSE) ended more than 2% lower on Thursday, extending their losses for the fifth consecutive session, tracking global market weakness.
The S&P BSE Sensex fell 1,158.08 points (2.14%) to 52,930.31, while the Nifty 50 finished at 15,808.00, down 359.10 points (2.22 per cent). Both indices opened more than 1% lower and fell further as the day progressed, with the Sensex reaching an intraday low of 52,702.30 and the Nifty touching 15,735.75.
IndusInd Bank, Tata Steel, the Bajaj twins – Bajaj Finance and Bajaj Finserv, Axis Bank, the HDFC twins – HDFC Bank and Housing Development Finance Corporation (HDFC), Titan Company, and Larsen & Toubro (L&T) were the worst performers of the day. Only Wipro and HCL Technologies managed to finish in the black.
The NSE’s sectoral indices all ended in the red, with the Nifty PSU Bank falling 5.39 percent, led by Punjab National Bank (PNB), Bank of India, and Punjab & Sind Bank. The Nifty Metal index dropped 3.70 percent, led by Jindal Stainless (Hisar), APL Apollo Tubes, and Vedanta. The key Bank Nifty fell 3.35 percent as a result of a drop in the share prices of IndusInd Bank, The Federal Bank, and Bank of Baroda.
The S&P BSE MidCap index closed at 21,645.13, down 495.84 points (2.24%), while the S&P BSE SmallCap index closed at 24,995.51, down 500.41 points (2.24%). (1.96 per cent). The volatility index, or India VIX, rose 6.41 percent to 24.27 on the NSE.
Source:IE
