Closing Bell: Sensex Tanks 383 Points To End At 37,069, Nifty Also Settles Under 11,000

New Delhi, News Nation Bureau | Updated : 29 August 2019, 04:32 PM
Closing Bell: Sensex tanks 383 points to end at 37,069, Nifty also drop by 98 (file photo)
Closing Bell: Sensex tanks 383 points to end at 37,069, Nifty also drop by 98 (file photo)

Benchmark BSE Sensex slumped 383 points on Thursday, dragged by a sell-off in financial stocks, as August series derivatives expired amid tepid global cues.

After a highly volatile session, the 30-share Sensex ended 382.91 points, or 1.02 per cent, lower at 37,068.93. It hit an intra-day low of 36,987.35.

Similarly, the broader NSE Nifty shed 97.80 points, or 0.89 per cent, to finish at 10,948.30.

Top laggards among the Sensex pack included Yes Bank, SBI, HDFC, Axis Bank, Kotak Bank, ITC, RIL, M&M, Tata Motors and ICICI Bank, losing up to 3.61 per cent.

On the other hand, Sun Pharma, Vedanta, NTPC, ONGC, Asian Paints, Infosys and HUL were the top gainers, spurting up to 5.31 per cent.

In the previous session, the BSE barometer the 30-share Sensex settled 189.43 points, or 0.50 per cent, lower at 37,451.84. Similarly, the broader NSE Nifty fell 59.25 points, or 0.53 per cent, to 11,046.10.

Top losers in the Sensex pack in early trade on Thursday included Yes Bank, HDFC, ICICI Bank, HCL Tech, TechM, Axis Bank, NTPC, Bajaj Finance and SBI, shedding up to 2 per cent.

On the other hand, Sun Pharma, Vedanta, Tata Motors, IndusInd Bank, M&M and Bharti Airtel rose up to 2.75 per cent.

Besides continued concerns over an impending global recession, domestic market witnessed high volatility on the back of weekly and monthly expiration of the August futures and options (F&O) contracts, experts said.

Elsewhere in Asia, Hang Seng, Kospi and Nikkei settled on a negative note, while Shanghai Composite Index ended in the green.

Equities in Europe were trading significantly higher in their respective early sessions. Meanwhile, the Indian rupee appreciated marginally to 71.73 against the US dollar intra-day. Brent crude futures, the global oil benchmark, slipped 0.03 per cent to USD 59.91 per barrel.

First Published: Thursday, August 29, 2019 03:46 PM
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