Sensex drops 171 factors; Nifty ends beneath 11,300


Mumbai, September 9

Equity benchmark Sensex tumbled 171 factors on Wednesday, monitoring losses in index heavyweights HDFC Bank, ICICI Bank and Infosys amid weak cues from Asian friends.

After slumping 430.09 factors throughout the day, the 30-share BSE index recovered some misplaced floor and ended 171.43 factors or 0.45 per cent decrease at 38,193.92.

In related motion, the NSE Nifty settled 39.35 factors or 0.35 per cent down at 11,278.

SBI was the highest loser within the Sensex pack, shedding over four per cent, adopted by Bajaj Finserv, Axis Bank, ONGC, ITC, ICICI Bank, Bajaj Finance, Kotak Bank and HDFC Bank.

On the opposite hand, Tata Steel, Reliance Industries, IndusInd Bank, Sun Pharma and Asian Paints had been among the many gainers.

Domestic equities traded on a unfavorable observe monitoring weak cues from world equities after late-stage research of AstraZeneca’s COVID-19 vaccine candidate had been placed on momentary maintain, mentioned merchants.

The firm mentioned it’s investigating whether or not a recipient’s “potentially unexplained” sickness is a aspect impact of the shot.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with vital losses.

Stock exchanges in Europe, nonetheless, had been buying and selling on a constructive observe in early offers.

Global oil benchmark Brent crude was buying and selling 1.33 per cent larger at USD 40.31 per barrel.

In the foreign exchange market, the rupee appreciated 5 paise to shut at 73.55 towards the US greenback. PTI



Be the first to comment on "Sensex drops 171 factors; Nifty ends beneath 11,300"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: