Image Source : PTI Sensex crashes over 1,900 factors; Nifty tanks 568 factors
The BSE benchmark Sensex nosedived about 1,940 factors to settle simply above the 49,000-level on Friday, monitoring large sell-offs in world equities after a rout in world blond markets spooked buyers. The 30-share BSE index ended with a lack of 1,939.32 factors or 3.80 per cent at 49,099.99.
Similarly, the broader NSE Nifty plunged 568.20 factors or 3.76 per cent to shut the session at 14,529.15. All 30 Sensex constituents ended within the pink.
ONGC was the highest loser, shedding round 6.50 per cent, adopted by M&M, Bajaj Finserv, Axis Bank, Kotak Bank, PowerGrid, HDFC Bajaj Finance and ICICI Bank.
Sectorally, banking index suffered most loss with over 4.8 per cent drop. Financial and telecom indices too fell sharply by 4.9 per cent and three.85 per cent, respectively.
Elsewhere in Asia, bourses closed with heavy losses.
Stock exchanges in Europe had been additionally buying and selling with losses in mid-session offers.
Analysts mentioned that rising bond yields appear to have eroded investor curiosity in riskier equities, including the bond market cues typically mirror in fairness markets.
Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 1.16 per cent decrease at USD 65.34 per barrel.
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