Indian equities traded sharply lower in afternoon deals on Thursday, with the BSE Sensex plunging 766.81 points, or 0.92 per cent, to 82,967.44 at 1:44 pm. The broader Nifty 50 mirrored the weakness, falling 217.50 points, or 0.84 per cent, to 25,601.85
Indian equities traded sharply lower in afternoon deals on Thursday, with the BSE Sensex plunging 766.81 points, or 0.92 per cent, to 82,967.44 at 1:44 pm. The index opened at 83,969.82 and slipped to an intraday low of 82,864.29, as heavyweights across banking, financials and energy dragged the benchmark down.
The broader Nifty 50 mirrored the weakness, falling 217.50 points, or 0.84 per cent, to 25,601.85. The index hit an intraday low of 25,567.75 after opening at 25,873.35. Market breadth remained decisively negative, with 44 stocks declining against just seven advancing on the Nifty.
Banks, financials and Reliance weigh
Selling pressure was most pronounced in financial counters. Private lenders such as ICICI Bank, Axis Bank and Kotak Mahindra Bank slipped between 1 per cent and nearly 2 per cent, while state-run State Bank of India also traded lower.
Index heavyweight Reliance Industries fell around 1.6 per cent, amplifying the Sensex’s losses. Consumer major Hindustan Unilever and power utility Power Grid Corporation of India were also among key drags.
In the broader market, select high-beta names saw sharper cuts. Trent dropped nearly 3 per cent, while UltraTech Cement and Mahindra & Mahindra fell over 2 per cent each.
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