Market Highlights: Sensex crashes 433 factors, Nifty settles under 17,900-mark; banks, pharma, autos drag
Share/Stock Highlights: The frontline fairness indices on the BSE and National Stock Exchange (NSE) ended almost 1 per cent decrease on Thursday dragged by banks pharmaceutical and vehicle shares amid weak world cues.
The S&P BSE Sensex slumped 433.13 factors (0.72 per cent) to finish under the 60,000 stage mark at 59,919.69 whereas the Nifty 50 declined 143.60 factors (0.80 per cent) to settle at 17,873.60.
State Bank of India (SBI) was the highest loser of the day falling almost 3 per cent on Sensex. It was adopted by Bajaj Finserv, Tech Mahindra, Sun Pharmaceutical Industries, Bajaj Finance and Asian Paints. On the opposite hand, Titan Company, Mahindra & Mahindra (M&M), Reliance Industries (RIL), Tata Consultancy Services (TCS), IndusInd Bank and Tata Steel have been the gainers.
Among sectors, the Bank Nifty fell 1.19 per cent dragged by SBI, RBL Bank and IDFC First Bank. The Nifty Auto index too slipped 1.18 per cent weighed by Balkrishna Industries and Bharat Forge. Apart from this, the Nifty Pharma index cracked 1.39 per cent because of a fall in Laurus Labs and Alembic Pharmaceuticals.
(with inputs from businesses)
