Business

Sensex Falls 732 Points Amid Broad-Based Selloff; Nifty Slides From Record

The equity benchmark Sensex fell above 700 points to below 74,000, and the Nifty dropped from a record high on Friday as investors reduced exposure to telecom, capital goods, and technology sectors.

The 30-share BSE Sensex plummeted 732.96 points, or 0.98 percent, to 73,878.15, after rising 484.07 points earlier in the day. From an intra-day high of 75,095.18, the benchmark slid 1,627.45 points to a low of 73,467.73.

The NSE Nifty also slipped 172.35 points, or 0.76 percent, to 22,475.85. In early trading, the benchmark climbed 146.5 points, or 0.64 percent, to a new high of 22,794.70.

SRF, L&T, Trent, Maruti Suzuki, Nestle India, Reliance Industries, Interglobe Aviation, Bharti Airtel, DLF, LIC, Bosch, and Kotak Mahindra Bank were the top laggards.

Among the gainers were Coal India, Shree Cement, ABB India, Power Finance Corp, Torrent Pharma, Grasim Industries, and Bajaj Holdings.

In Asian markets, Gift Nifty, Hong Kong, Malaysia, and Taiwan ended in the green, while Tokyo, South Korea, and Shanghai finished in the red.

European stocks were trading in the green.

US markets concluded with gains on Thursday.

Brent crude lost 0.06 percent to USD 83.95 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 964.47 crore on Thursday.

On Thursday, the Sensex advanced 128.33 points or 0.17 percent to 74,611.11, while the Nifty moved 43.35 points or 0.19 percent to 22,648.20.

Also read: UN Agency Estimates Rebuilding Gaza Will Cost $30-40 Billion

Spriha Rai

Recent Posts

Manoj Tiwari Joins Jagannath Rath Yatra In Puri; Celebrates With Devotees

BJP MP Manoj Tiwari participated in the first day of the Jagannath Rath Yatra in…

13 mins ago

HM Amit Shah To Launch Development & Education Projects Across Gujarat

Amit Shah is visiting Gujarat to inaugurate key education, cooperative, and rural development projects across…

27 mins ago

Parliamentary Committee To Visit Pahalgam Terror Site; Hold Key Meetings In Jammu & Srinagar

Following the recent terror attack in Pahalgam’s Baisaran Valley, a Parliamentary Committee is set to…

51 mins ago

PM Modi To Inaugurate Centenary Celebrations Of Acharya Shri Vidyanand Ji Maharaj

Prime Minister Narendra Modi will inaugurate the 100th birth anniversary commemoration of Acharya Shri Vidyanand…

2 hours ago

No Central Water Tax On Farmers; PIB Debunks Fake Social Media Claims

The Ministry of Jal Shakti has refuted viral social media claims suggesting that the Centre…

2 hours ago

‘Kaanta Laga’ Girl Shefali Jariwala Passes Away At 42 In Mumbai: Live Updates

Shefali Jariwala, best known as the ‘Kaanta Laga girl’, has died at the age of…

3 hours ago