Sensex tanks 362 points, Nifty below 9,800 on geopolitical worries, Infosys falls up to 2.20%
The 30-share Sensex declined by 362.43 points or 1.14 percent to 31,388.39, its lowest closing since August 22 when it closed at 31,291.85
Mumbai: The BSE Sensex plunged by over 362 points to close at one-week low of 31,388.39 while NSE Nifty ended below 9,800 mark due to selling by investors rattled by North Korea's launch of a missile over Japan.
The August month expiry in the derivatives segment on Thursday also hit sentiment.
Most of the Asian markets ended lower and European shares opened in the red as geopolitical tensions escalated after North Korea fired a ballistic missile over northern Japan, brokers said.
The 30-share Sensex declined by 362.43 points or 1.14 percent to 31,388.39, its lowest closing since 22 August when it closed at 31,291.85. The Sensex also recorded its biggest single day fall since 18 July when it had lost 363.79 points.
The gauge had gained 491.97 points in the previous four sessions.
The wider NSE Nifty slipped below the 9,800-mark and hit a low of 9,783.75 before settling down by 116.75 points or 1.18 percent at 9,796.05.
Power producer NTPC emerged as the biggest loser among Sensex constituents by plunging 2.80 percent to Rs 168.50 after the government said it would sell 5 percent stake in the country's largest power producer at Rs 168 to raise about Rs 7,000 through a two-day share sale.
HDFC, HDFC Bank, Reliance Industries and Infosys also fell up to 2.20 percent, dragging the indices deep into the red.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices