Sensex falls 323 points as financial stocks slide; Nifty ends at 11,516
NEW DELHI: Equity indices fell on Thursday with the benchmark BSE sensex sliding over 300 points led by losses in financial stocks. Sensex plunged 323 points or 0.82 per cent to shut at 38,980; whereas the broader NSE Nifty settled 88 points or 0.76 per cent decrease at 11,516.
Major laggards within the BSE pack embrace Bajaj Finserv, PowerGrid, L&T, ICICI Bank, TCS, Kotak Mahindra Bank and Tata Steel with their stocks slipping as a lot as 2.23 per cent.
On the NSE platform, Nifty Bank, Financial Services and Realty dropped as a lot as 1.68 per cent.
According to merchants, home equities traded on a unfavourable notice monitoring weak cues from world markets after the US Federal Reserve hinted at the important thing coverage rate of interest staying near zero at least by 2023 with out unveiling any further stimulus plans.
Also Read Karnataka DCET, PGCET Exam 2020 Rescheduled. Check All Dates Here
Foreign institutional buyers purchased equities value Rs 264.66 crore on a internet foundation, trade knowledge confirmed on Wednesday.
Meanwhile, the rupee depreciated 14 paise and settled at 73.66 (provisional) in opposition to the US greenback on Thursday monitoring muted home equities.
At the interbank foreign exchange market, the native unit opened on a weak notice at 73.70, and at last closed at 73.66 in opposition to the American forex, registering a fall of 14 paise over its final shut.