Sensex plunges over 600 points, Nifty slips below 11,000-mark in late afternoon trade; RIL zooms over 12%

The markets opened in the red with the Sensex dropped over 200 points while Nifty fell 62.80 points or 0.57 percent to 11,046.85 in early trade, dragged by losses in index heavyweights HDFC twins, Infosys and ITC, amid weak global cues.

FP Staff August 13, 2019 15:46:35 IST
Sensex plunges over 600 points, Nifty slips below 11,000-mark in late afternoon trade; RIL zooms over 12%
  • The 30-share index was trading 660.15 points or 1.76% down at 36,921.76 at around 3.15 pm

  • The markets opened in the red with the Sensex dropped over 200 points while Nifty fell 62.80 points

  • The scrip of RIL zoomed over 12% after the company announced a host of investment proposals

Domestic equity benchmark BSE Sensex dropped over 600 points and slipped below 37,000-level while Nifty plummetted by 190 points in the late afternoon trade on Tuesday.

The 30-share index was trading 660.15 points or 1.76 percent down at 36,921.76 at around 3.15 pm and the broader Nifty fell 191.50 points or 1.72 percent to 10,918.15 in the late afternoon trade.

Sensex plunges over 600 points Nifty slips below 11000mark in late afternoon trade RIL zooms over 12

Representational image. Reuters.

The markets opened in the red with the Sensex dropping over 200 points while Nifty fell 62.80 points or 0.57 percent to 11,046.85  in early trade, dragged by losses in index heavyweights HDFC twins, Infosys and ITC, amid weak global cues.

In the previous session on Friday, the 30-share index settled 254.55 points or 0.68 percent higher at 37,581.91. The broader NSE Nifty jumped 77.20 points or 0.70 percent to 11,109.65.

Reliance Industries Ltd (RIL) and Sun Pharma are the top gainers in the Sensex pack. The scrip of RIL zoomed over 12 percent after the company announced a host of investment proposals at its annual general meeting. The scrip opened the day on a bullish note and jumped 12.09 percent to Rs 1,302.50 on the BSE.

Top losers in the Sensex pack during afternoon trade included Yes Bank, Bajaj Finance, M&M, Maruti, Tata Steel, ONGC, NTPC, L&T, cracking up to 10.84 percent.

Foreign portfolio investors bought shares worth a net of Rs 203.73 crore on Friday, while domestic institutional investors (DIIs) purchased shares worth Rs 606.92 crore, provisional data showed.

With PTI inputs

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Gas well in Assam's Baghjan 'killed', fire fully doused five months after blowout, says OIL
India

Gas well in Assam's Baghjan 'killed', fire fully doused five months after blowout, says OIL

The well No. 5 at Baghjan was spewing gas uncontrollably since 27 May. It caught fire on 9 June, killing two OIL firefighters.

Reliance Retail picks up 96% stake in online furniture retailer Urban Ladder for Rs 182 crore
Business

Reliance Retail picks up 96% stake in online furniture retailer Urban Ladder for Rs 182 crore

RRVL proposes to make a further investment of up to Rs 75 crore. Further investment is expected to be completed by December 2023

Karandeep Kochhar wins TATA Steel Players Championship to claim first PGTI title since turning professional
Sports

Karandeep Kochhar wins TATA Steel Players Championship to claim first PGTI title since turning professional

It was the Chandigarh lad's second title on the PGTI Tour as his first came in 2016 at the age of 17 when he was still an amateur.