Business

Sensex dives 704 points on fag-end sell-off


From the 30-share Sensex pack, HDFC, HDFC Bank, Infosys, ITC, Tech Mahindra and HCL Technologies had been among the many main laggards.

NSE Nifty declined 215 factors to settle at 16,958.65.

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Photograph: Danish Siddiqui/Reuters

Markets went right into a tailspin throughout fag-end of the commerce on Tuesday, with the Sensex closing 703.59 factors decrease as weak point in HDFC twins and Infosys continued to dent sentiments.

Concerns over rising inflation and international fund outflows within the wake of the unsure geopolitical state of affairs additionally sapped investor confidence.

In a extremely unstable commerce, the Sensex completed 703.59 factors or 1.23 per cent decrease at 56,463.15 as fag-end promoting emerged.

 

In uneven commerce, the benchmark hit a excessive of 57,464.08 and a low of 56,009.07 in the course of the day.

The NSE Nifty declined 215 factors or 1.25 per cent to settle at 16,958.65.

Both the indices closed within the pink for the fifth straight session.

From the 30-share Sensex pack, HDFC, HDFC Bank, Infosys, ITC, Tech Mahindra and HCL Technologies had been among the many main laggards.

In distinction, Reliance Industries, ICICI Bank, State Bank of India and Bajaj Finance had been the gainers.

In Asia, markets in Shanghai and Hong Kong settled decrease, whereas Seoul and Tokyo had been up.

Markets in Europe had been additionally buying and selling decrease within the afternoon session.

Stocks within the US had ended marginally decrease on Monday.

International oil benchmark Brent crude declined 1.39 per cent to $111.6 per barrel.

Foreign institutional buyers continued their promoting spree, offloading shares price a internet Rs 6,387.45 crore on Monday, based on trade knowledge.



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