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Sensex Falls Over 1000 Points To Below 71k

In Asia markets, Hong Kong’s Hang Seng, South Korean Kospi, and China’s Shanghai Composite ended higher, while Japan’s Nikkei ended lower

Sensex

Equity benchmark index Sensex plummeted 1,053 points to settle below the 71,000 level on Tuesday, pulled down by index heavyweights HDFC Bank, Reliance Industries, and SBI amid conflicting global cues.

The 30-share BSE Sensex dropped 1,053.10 points or 1.47 percent to 70,370.55. Broader Nifty also sank 330.15 points or 1.53 percent to 21,241.65.

IndusInd Bank, SBI, Hindustan Unilever, Axis Bank, and HDFC Bank were the Sensex’s biggest laggards.

Among the gainers were Sun Pharma, Bharti Airtel, ICICI Bank, PowerGrid TCS, and Bajaj.

In Asia markets, Hong Kong’s Hang Seng, South Korean Kospi, and China’s Shanghai Composite ended higher, while Japan’s Nikkei ended lower.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 545.58 crore on Saturday.

On Tuesday, European stocks were trading in red.

Brent crude lost 0.40 percent to USD 79.74 per barrel on Tuesday.

On Saturday, NSE and BSE had normal trading sessions, while the domestic equity market was closed on January 22, owing to the consecration ceremony in Ayodhya.

On Saturday, the 30-share BSE Sensex slid 259.58 points or 0.36 percent to 71,423.65. The Nifty lost 50.60 points or 0.23 percent to 21,571.80.

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