Sensex Tumbles Over 900 Points, Nifty Trades Below 17,350 On Weak Cues. Metals Slip 2%

Sensex Tumbles Over 900 Points, Nifty Trades Below 17,350 On Weak Cues. Metals Slip 2%

The two key equity benchmark, Sensex and Nifty, on Friday opened lower tracking weak global sentiment. The domestic indices plunged sharply in opening trade.

At 9.35 am, the S&P BSE Sensex tumbled 910 points to 58,896. On the other hand, the NSE Nifty50 was trading at 17,330, down 260 points.

On the 30-share Sensex platform, barring Tata Steel and Bharti Airtel, the remaining 28 scrips were trading in the red. HDFC declined 2.65 per cent, while HDFC Bank was down 2.5 per cent. L&T, IndusInd Bank, ICICI Bank, SBI, Reliance were among the major laggards.

Among specific stocks, shares of Swan Energy surged over 6 per cent after the company’s subsidiary РTriumph Offshore Private signed an agreement to lease out its floating storage regasification vessel to Botas of Turkey.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices lowered over 1 per cent each.

Volatility gauge, India VIX, meanwhile, climbed over 7 per cent.

All sectors nosedived in the sea of red, with Nifty Metal index being the worst hit, over 2 per cent.

In the previous session on Thursday, the S&P BSE Sensex declined 542 points (0.9 per cent) to close at 59,806 level. On the other hand, the Nifty50 ended at 17,590, falling 165 points (0.93 per cent).

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *