Sensex Dips Over 1000 Points; Nifty Ends Below 22k

The benchmark equity indices Sensex and Nifty fell roughly 1.5 percent on Thursday, owing to strong foreign fund outflows and selling in HDFC Bank, Larsen & Toubro, and Reliance Industries.

The 30-share BSE Sensex slipped 1,062.22 points, or 1.45 percent, to 72,404.17 on the third day in a row. During the day, it slid 1,132.21 points or 1.54 percent to 72,334.18.

The NSE Nifty plummeted 345 points, or 1.55 percent, to 21,957.50. During the day, it plummeted 370.1 points, or 1.65 percent, to 21,932.40.

L&T, Power Finance Corp, Tata Power, Asian Paints, BPCL, Coal India, RECL, ONGC, ICICI Lombard, IOCL, Berger Paints, GAIL (India), and Varun Beverages were the top laggards.

Among the gainers were Adani Power, TVS Motor Company, Hero MotorCorp, Tata Motors, Tata Motors-DVR, Mahindra & Mahindra, and Bajaj Auto.

In Asian markets, Shanghai, and Hong Kong ended higher, while Tokyo, Malaysia, Thailand, Singapore, South Korea, and Taiwan closed lower.

European stocks were trading on a mixed note.

On Wednesday, US markets closed on a mixed note.

Brent crude gained 0.66 percent to USD 84.23 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 6,669 crore on Wednesday.

On Wednesday, the Sensex sank 45.46 points or 0.06 percent to 73,466.39, while the Nifty remained unchanged at 22,302.50.

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