Sensex tumbles 770 pts; Nifty tests 17,500

Sensex tumbles 770 pts; Nifty tests 17,500Sensex tumbles 770 points; Nifty tests 17,500 – Mysuru Today

Equity benchmark Sensex slumped 770 points to close below the 59,000-mark on Thursday as selling pressure intensified towards the fag-end amid profit-booking in IT and finance counters.


Relentless foreign capital outflows also weighed on sentiment, traders said.


The 30-share BSE index ended 770.31 points or 1.29 per cent lower at 58,788.02. Similarly, the NSE Nifty plunged 219.80 points or 1.24 per cent to 17,560.20.


HDFC was the top laggard in the Sensex pack, shedding over 3 per cent, followed by Infosys, L&T, Kotak Bank, Bajaj Finserv and Tech Mahindra.


On the other hand, ITC, Maruti, Titan, SBI, and Asian Paints were the gainers.

Stock Market Fall, BSE Sensex tumbles 770 pts; Nifty tests 17,500- बीएसई सेंसेक्स गुरुवार को 770 का गोता लगाकर 59,000 अंक के नीचे बंद हुआ। - Navbharat Times

Of the Sensex constituents, 25 shares closed lower while 5 were in the green.


In other Asian markets, Tokyo closed in the red, while Seoul was positive.


Several Asian markets, including China and Hong Kong, were shut for the Lunar New Year holidays.


Stock exchanges in Europe were trading on a mixed note in mid-session deals.


International oil benchmark Brent crude slipped 0.65 per cent to USD 88.89 per barrel.

Sensex tumbles 770 points; Nifty tests 17,500 - The Hindu

Foreign institutional investors (FIIs) remained net sellers in the capital market, offloading shares worth Rs 183.60 crore on Wednesday, according to stock exchange data.


India’s services sector activity moderated further in January as new business rose at a noticeably slower rate amid the escalation of the pandemic, reintroduction of restrictions and inflationary pressures, a monthly survey said on Thursday.

See also  In 2023, HSBC returns to private banking in India to tap growing wealth


The seasonally adjusted India Services Business Activity Index fell to 51.5 in January, down from 55.5 in December, pointing to the slowest rate of expansion in the current six-month sequence of growth.Sensex tumbles 770 pts; Nifty tests 17,500

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker