Stock Market BSE Sensex Plunges 800 Points NSE Nifty Trades Below 18,450 Amid Weak Global Trends

Stock Market BSE Sensex Plunges 800 Points NSE Nifty Trades Below 18,450 Amid Weak Global Trends

Sensex and Nifty, the two key domestic equity benchmarks, declined sharply in Thursday’s intra-day amid weak global cues after the US Federal Reserve hiked interest rates by 50 basis points (bps).

At 3 pm, the BSE Sensex was trading at 61,905, down 773 points, while the broader NSE Nifty was down by 224 points to 18,435.

On the 30-share Sensex platform barring three stocks, all were in the red. TechM was the prime loser, down 3.81 per cent. On the flip side, M&M, Sun Pharma, and NTPC were the only gainers.

Among individual stocks, shares of IRCTC dipped 5 per cent to Rs 696.70 after the government fixed floor price at Rs 680 per share for its stake sale via OFS.

In the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices gained up to 0.1 per cent.

Sectorwise, Nifty PSU Bank gained the most, over 1 per cent. On the flipside, Nifty IT index was the worst hit, slipping below 1 per cent.

 

(This is BREAKING NEWS… More details to follow)

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