A view of the Bombay Stock Exchange in Mumbai.
| Photo Credit: Reuters
Equity benchmark indices Sensex and Nifty plunged more than 1% on Tuesday (October 22, 2024) due to across-the-board selloff amid massive foreign fund exodus from the capital markets and sluggish global equities.
Besides, a weak earnings growth trend also dented market sentiment, traders said.
Extending its previous day’s decline, the BSE Sensex plummeted 930.55 points or 1.15% to settle at 80,220.72. During the day, it tanked 1,001.74 points or 1.23 % to 80,149.53.
The NSE Nifty tumbled 309 points or 1.25% to 24,472.10.
From the 30 Sensex pack, Mahindra & Mahindra, State Bank of India, Power Grid, Tata Steel, IndusInd Bank, Tata Motors, Larsen & Toubro, NTPC, Bajaj Finance and Reliance were among the biggest laggards.
In contrast, ICICI Bank, Nestle and Infosys were the gainers from the pack.
Foreign Institutional Investors (FIIs) offloaded equities worth โน2,261.83 crore on Monday, while Domestic Institutional Investors (DIIs) bought equities worth โน3,225.91 crore, according to exchange data.
Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, on Tuesday made a muted market debut and ended over 7% lower against the issue price of โน1,960.
In Asian markets, Seoul and Tokyo settled lower, while Shanghai and Hong Kong ended higher.
European markets were trading lower. The U.S. markets ended on a mixed note on Monday.
Global oil benchmark Brent crude climbed 0.61% to $74.74 a barrel.
The BSE benchmark declined 73.48 points or 0.09% to settle at 81,151.27 on Monday (October 21, 2024). The Nifty dipped 72.95 points or 0.29% to 24,781.10.
Published – October 22, 2024 04:19 pm IST
