Sensex Falls Below 64K As A Widespread Selloff Causes It To Drop 900 Points

The equity benchmark Sensex fell over 900 points on Thursday, falling below 64,000 for the sixth consecutive session due to an across-the-board selloff amid heightened Middle East tensions.

The 30-share BSE Sensex dived 900.91 points or 1.41 percent to 63,148.15, falling below the 64,000 mark. It slipped 956.08 points or 1.49 percent, during the day to 63,092.98.

The Nifty dropped 264.90 points or 1.39 percent to 18,857.25.

Since October 17, the BSE index has declined 3,279.94 points or 4.93 percent, while the Nifty has down 954.25 points or 4.81 percent.

The Sensex’s largest loser was Mahindra & Mahindra, which fell 4.06 percent, followed by Bajaj Finserv, Asian Paints, Nestle, Bajaj Finserv, JSW Steel, Titan, HDFC Bank, Tech Mahindra, Tata Motors and Larsen & Toubro.

Axis Bank, ITC, HCL Technologies, NTPC, and IndusInd Bank, on the other hand, benefited.

In Asian markets, Seoul, Tokyo, and Hong Kong finished lower, while Shanghai finished higher.

European markets were seeing severe losses.

On Wednesday, the US markets concluded in red.

Brent crude lost 0.65 percent to USD 89.54 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 4,236.60 crore on Wednesday.

On Wednesday, the BSE benchmark sank 522.82 points or 0.81 percent to 64,049.06. The Nifty lost 159.60 points or 0.83 percent to 19,122.15.

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