STOCK MARKET BSE NSE

Sensex tumbles 335 points; Nifty gives up 11,150

IndusInd Bank was the top laggard in the Sensex pack, falling over 5 per cent, followed by HDFC, Axis Bank, PowerGrid, SBI, Bajaj Finserv and Bharti Airtel.

Published: 30th July 2020 04:13 PM  |   Last Updated: 30th July 2020 04:13 PM   |  A+A-

Sensex, stocks, market, stock market

People react while watching the stock prices at a screen on the facade of the Bombay Stock Exchange in Mumbai. (File | EPS)

By PTI

MUMBAI: Domestic equity benchmark Sensex slumped 335 points on Thursday, dragged by losses in financial stocks amid negative cues from global markets.

The 30-share BSE benchmark ended 335.06 points or 0.88 per cent lower at 37,736.07; while the NSE Nifty tumbled 100.70 points or 0.90 per cent to 11,102.15.

IndusInd Bank was the top laggard in the Sensex pack, falling over 5 per cent, followed by HDFC, Axis Bank, PowerGrid, SBI, Bajaj Finserv and Bharti Airtel.

On the other hand, Sun Pharma, Maruti, Infosys and Reliance Industries were among the gainers. According to Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi, Indian markets opened in green following mixed global cues as US Fed kept rates on hold.

However, during the afternoon session, market sentiment turned cautious as doubts rose on further deterioration of the asset quality of financial companies.

The selloff was led by banks and financial stocks, he added. Markets also turned choppy on the expiry of July derivatives, traders said.

Bourses in Shanghai, Hong Kong and Tokyo ended in the red, while Seoul settled on a positive note. Stock exchanges in Europe were trading with losses in early deals.

Global oil benchmark Brent crude was trading 1.27 per cent lower at USD 43.53 per barrel. In the forex market, the rupee fell 4 paise to close at 74.84 against the US dollar.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp