Equity benchmark Sensex plunged over 900 points, falling below the 76,000 mark due to broad-based selling, influenced by weak global markets and escalating trade war concerns.
Additionally, a sharp decline in crude prices and significant sell-offs in major stocks like Reliance Industries, Larsen & Toubro, and Infosys further weighed on market sentiment, analysts noted.
The 30-share benchmark index ended at 75364.69 down by -930.67 points or by -1.22 % and then NSE Nifty was at 22904.45 down by -345.65 points or by -1.49 %.
Sensex touched intraday high of 76258.12 and intraday low of 75240.55 The NSE Nifty touched intraday high of 23214.7 and intraday low of 22857.45
The top gainers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 8720.85,+1.43%), HDFC Bank Ltd. (Rs. 1817.00,+1.30%), Nestle India Ltd. (Rs. 2264.95,+0.79%), ICICI Bank Ltd. (Rs. 1334.05,+0.38%), Asian Paints Ltd. (Rs. 2355.05,+0.27%), among others.
The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 140.45,-8.59%), Tata Motors Ltd. (Rs. 613.85,-6.15%), Larsen & Toubro Ltd. (Rs. 3259.20,-4.67%), Adani Ports & Special Economic Zone Ltd. (Rs. 1148.55,-4.38%), IndusInd Bank Ltd. (Rs. 682.25,-3.83%), among others.
Bankex index was at 59156.1 up by -46.3 points or by -0.08%. HDFC Bank Ltd. (Rs. 1817.00,+1.30%), Federal Bank Ltd. (Rs. 195.35,+0.59%), ICICI Bank Ltd. (Rs. 1334.05,+0.38%),.
Metal index was at 28450.44 down by -1925.11 points or by -6.34%. National Aluminium Company Ltd. (Rs. 157.70,-8.66%), Vedanta Ltd. (Rs. 401.60,-8.63%), Tata Steel Ltd. (Rs. 140.45,-8.59%), Hindalco Industries Ltd. (Rs. 599.95,-8.09%), NMDC Ltd. (Rs. 65.08,-7.69%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4321 , shares advanced were 1222 while 2930 shares declined and 169 were unchanged.