Mumbai: It was a carnage, a day that Dalal Street will remember for sometime. Indian equity markets crashed across several indices. The 30-scrip sensitive benchmark - BSE Sensex ended 1,066 points or 2.61 percent in the red, closing at 39,728.41 on Thursday.
The 50 scrip Nifty50 was down by 2.43 percent - down by 290.70 points to end 11,680.35.
On the Bombay Stock Exchange the mood was largely bearish with 1,823 stocks that advanced as opposed to 816 that gained. All indices including MidCap, LargeCap and SmallCap on the BSE turned in the red. Energy stocks crashed by 3.10 percent while BSE Telecom saw a loss of 3.54 percent. Only Consumer Durables and Metals stocks saw a sub one-percent decline.
On the Sensex, except for stocks of Asian Paints which recorded a gain of 0.32 percent in the day, all stocks recorded a steep decline. Bajaj Finance posted an intra-day loss of -4.68 percent. Heavyweight stocks such as RIL (down by 3.58 percent), Infosys (-2.47 percent), TCS (- 2.53%), or HDFC (-1.60%) offered no support to control the loss for Sensex.
The loss on Infosys was a bit shocking considering the company announced favorable results a day ago. Brokerage houses such as Motilal Oswal and Emkay Global shared favourable reports on the Q2 results. That the company announced a dividend of Rs 12 also did not help stem the loss.
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