Stock Market: Sensex Plunges 1,030 Points, Nifty At 17,500 Amid Weak Cues

Stock update: On the 30-share BSE Sensex platform, except IndusInd Bank, all the scrips were in the red. IndusInd Bank is up 1.75 per cent

In broader markets, Nifty Midcap 100 and Nifty Smallcap 100 declined over 2 per cent each.

Source : Getty

Sensex and Nifty, the two key equity benchmarks, on Friday slumped during intra-day trade amid weak global cues and broad sell-off across all sectors. The domestic indices extended their losses due to foreign fund outflows and fears of recession in the global economy that have dented investor sentiments.

At 2 pm, the two frontline indices plunged lower. The BSE Sensex tanked 1030 points to 58,897, while the broader NSE Nifty was trading at 17,549, down 328 points.

In broader markets, Nifty Midcap 100 and Nifty Smallcap 100 declined over 2 per cent each.

On the 30-share BSE Sensex platform, except IndusInd Bank, all the scrips were in the red. IndusInd Bank is up 1.75 per cent. All sectors also plunged in the negative zone. Nifty Auto, Nifty Metal, and Nifty IT indices slipped the most, over 1 per cent.

 

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