Stock Market | Sensex Crashes Over 1,100 Points, Nifty Below 16,200; Banks, RIL Drag

Stock update: . Kotak Bank was the main loser, down 4.17 per cent, followed by HDFC, Bajaj Finance, Reliance, and others on the BSE

Sensex and Nifty, the two key equity benchmarks, on Friday plunged sharply, dragged by selling across all sectors. Inflation fear is gripping the investors worldwide. 

At 2.15 pm, the BSE Sensex was down 1,103 points to 54,217, while the broader NSE Nifty was trading at 16,176, down 301 points.

On the 30-share BSE platform, barring Asian Paint, Nestle, Dr Reddy’s, UltraCemco, and Maruti, all the benchmarks were trading in the red. Kotak Bank was the main loser, down 4.17 per cent, followed by HDFC, Bajaj Finance, Reliance, and others.

In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 0.9 per cent.

On NSE, all the 15 sector gauges were trading in the negative zone. Sub-indexes Nifty IT, Nifty Financial Services and Nifty Oil & Gas were underperforming the NSE platform by falling as much as 2.14 per cent, 2.04 per cent and 1.77 per cent, respectively.

 

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