Share Market Today: Sensex Plummets Over 800 Points, Nifty Closes Below 23,900
In the broader markets, the indices ended trading in red. The Nifty Next 50 index slumped 2.18 per cent, followed by the Nifty Smallcap50 which settled 1.54 per cent lower
Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday plunged and ended trading in red. The BSE Sensex settled more than 800 points down at 78,675.18, while the Nifty50 closed the session over 259 points lower under the 24k mark at 23,883.45. This was attributed to widespread selling pressure amid uninterrupted foreign fund outflows and weak global trends.
Stock Update
On the 30-share Sensex platform, Infosys, Sun Pharma, ICICI Bank, TCS, and Reliance dominated in green. On the flip side, NTPC, HDFC Bank, Asian Paints, SBI, and Tata Motors emerged among the laggards for the day.
In the broader markets, the indices ended trading in red. The Nifty Next 50 index slumped 2.18 per cent, followed by the Nifty Smallcap50 which settled 1.54 per cent lower.
Sectoral update
The Nifty Realty and IT indices remained the only exception in green at 0.18 per cent and 0.05 per cent respectively. Meanwhile, Auto and PSU Bank dominated in red and closed the session in red at 1.94 per cent and 1.92 per cent respectively.
In the last trading session on Monday, the indices ended trading on an almost flat note. The Sensex closed the session under the 79,500 mark and Nifty dipped to settle at 24,141.30.
Foreign institutional investors (FIIs) offloaded equities worth Rs 2,306.88 crore on Monday, while the Domestic Institutional Investors (DIIs) poured in Rs 2,026.63 crore in the segment, according to exchange data.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "Two strong factors have been at play in this consolidating market. One, the relentless selling by FIIs has been favouring the bears and pulling the market down. Two, the sustained buying by DIIs has been supporting the market preventing a crash in the market. How the market will trend in the coming days will depend on the relative strength of these two factors."
The global oil benchmark Brent crude climbed 0.56 per cent to touch $72.23 per barrel.
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