Sensex Tanks 1,024 Points, Nifty Holds 17,200; Tata Consumer Products, HDFC Bank Top Drags

In the broader markets, the Midcap and Smallcap indices on the BSE outperformed the headline indices and ended 1.3 per cent and 0.8 per cent lower, respectively

New Delhi: The key Indian benchmark indices, BSE and Nifty which started trading on Monday on a volatile note, extended their loss amid selling across all sectors.

The BSE Sensex plunged 1,024 points to close at 57,621, while the broader NSE Nifty declined 303 points to settle at 17,214.

In the broader markets, the Midcap and Smallcap indices on the BSE outperformed the headline indices and ended 1.3 per cent and 0.8 per cent lower, respectively.

Public sector lenders have performed well. They surged riding on the back of strong quarterly results.

Tata Consumer Products was the top Nifty laggard as the stock crashed 3.87 per cent to Rs 705.40. L&T, HDFC Bank, Britannia, and HDFC Life were also among the losers.

Except for Nifty PSU Bank, 14 out of 15 sub-indexes, compiled by the NSE, finished in the red.

PowerGrid, ONGC, Tata Steel, NTPC, and SBI were among the prominent gainers on the NSE index.

In the Sensex platform, HDFC Bank was the top loser, shedding over 3.5 per cent, followed by Bajaj Finance, L&T, HDFC, Bajaj Finserv, HDFC, and Kotak Bank.

On the other hand, PowerGrid, NTPC, Tata Steel, SBI, and Ultratech Cement were the gainers, rising up to 1.88 per cent on the BSE.

Of the Sensex constituents, 25 shares closed lower while five were in the green.

Elsewhere in Asia, bourses in Tokyo and Seoul ended with losses, while Hong Kong and Shanghai were positive.

Equities in Europe were trading with gains in mid-session deals.

International oil benchmark Brent crude fell 1.05 per cent to $92.29 per barrel.

With the postponement, the meeting will now begin on February 8 and the outcome would be announced on February 10.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,267.86 crore on Friday, according to stock exchange data.

In the previous session, the 30-share index ended 143.20 points lower at 58,644.82. The NSE Nifty shed 43.90 points to close at 17,516.30.