Sensex slumps 1,048 pts, Nifty below 25,500 as heavyweights crack – Firstpost

Sensex slumps 1,048 pts, Nifty below 25,500 as heavyweights crack – Firstpost


The BSE Sensex plunged 1,048.16 points, or 1.25 per cent, to close at 82,626.76. The 30-share index opened lower at 82,902.73 against the previous close of 83,674.92 and slipped to an intraday low of 82,534.55 amid persistent selling pressure

Dalal Street witnessed a sharp selloff on Friday, with benchmark indices logging their steepest single-day fall in recent weeks as broad-based weakness gripped the market.

The BSE Sensex plunged 1,048.16 points, or 1.25 per cent, to close at 82,626.76. The 30-share index opened lower at 82,902.73 against the previous close of 83,674.92 and slipped to an intraday low of 82,534.55 amid persistent selling pressure. The day’s high was capped at 83,079.70, reflecting the lack of any meaningful recovery.

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The broader Nifty 50 mirrored the slide, falling 336.10 points, or 1.30 per cent, to settle at 25,471.10. The index hovered near its intraday low of 25,444.30, with market breadth decisively negative — 45 stocks declined against just five advances.

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