Sensex Down Over 400 Points In Mid-Session Amid Intense Selling Pressure
A weak rupee against major rivals and unabated foreign capital outflows dented domestic equity market sentiments, traders said.
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A weak rupee against major rivals and unabated foreign capital outflows dented domestic equity market sentiments, traders said.
On Thursday, at 9:33am, BSE Sensex was trading 430.99 points down at 60,602.56 and NSE Nifty was trading 121.70 points down at 18,035.30 -- both slipping from the 61K and 18.1K marks respectively.
IndusInd Bank, Axis Bank, Kotak Mahindra Bank, HDFC Life and HDFC lost around 4 per cent each The domestic stock markets remained under selling pressure this afternoon, dragged by weakness in financial stocks, as the second wave of Covid 19 continued to batter the country. At 2:00 pm, the BSE Sensex was trading off the intra-day lows at 47, 952.75, weaker by 885.75 points or 1.80 per cent and the NSE Nifty was at 14,360.10, down 262.45 points or 1.8 per cent. All the BSE sectoral indices are trading in the red, with the exception of the pharma and information technology space. The broader ma...