BREAKING: Sensex Plunges Over 1,000 Points, Nifty Trades Below 17,000. All Sectors In Red

Stock update: Maruti was the prime loser, down 5.36 per cent. The other notable laggards were Tata Steel, ITC, Axis Bank, Bajaj Finance, NTPC, and others on the Sensex platform

In the broader market, Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 3 per cent and 4 per cent, respectively.

Source : Getty

Sensex and Nifty, the to key equity benchmarks that opened sharply lower in early trade due to muted global sentiments on Monday, extended their losses as the domestic indices tumbled for the fourth day amid weak cues and foreign fund outflows.

At 3 pm, the BSE Sensex plunged 1,011 points to 57,087. On the other hand, the broader NSE Nifty declined 342 points to 16,985.

On the 30-share Sensex platform, Asian Paints was the top gainer, up 1.52 per cent. HCL, Infosys, UltraCemco, TCS, and Wipro were also extending their gains. On the flip side, rest 25 constituents were trading in the red. Maruti was the prime loser, down 5.36 per cent. The other notable laggards were Tata Steel, ITC, Axis Bank, Bajaj Finance, NTPC, and others.

In the broader market, Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 3 per cent and 4 per cent, respectively. The volatility gauge, India VIX, meanwhile, jumped over 8 per cent.

All sectors dived in the negative zone, with the Nifty Auto, Nifty Metal, Nifty Media, and Nifty Realty indices taking the biggest hit.

 

(This is BREAKING NEWS... More details to follow)