Sensex drops 336 pts; Nifty ends below 18,200
PTI, Oct 21, 2021, 4:15 PM IST
Equity benchmark Sensex tumbled 336.46 points on Thursday following losses in index heavyweights Reliance Industries, Infosys, and TCS amid a negative trend in global markets.
The 30-share BSE index declined 336.46 points or 0.55 percent to 60,923.50. Similarly, the NSE Nifty fell 88.50 points or 0.48 percent to 18,178.10.
Asian Paints was the top loser in the Sensex pack, tanking around 5 percent, followed by Reliance Industries, Infosys, Tata Steel, TCS, and Dr. Reddy’s.
On the other hand, Kotak Bank, HDFC, ICICI Bank, and NTPC were among the gainers.
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, domestic headwinds like high valuations have become unsustainable and rising commodity inflation will impact the margins of firms.
”Sustained selling by institutions — both DIIs and FIIs — indicates that smart money regards the market as overheated and overvalued,” he noted.
Elsewhere in Asia, bourses in Hong Kong, Seoul, and Tokyo ended in the red, while Shanghai was positive.
Stock exchanges in Europe were trading on a negative note in mid-session deals.
Meanwhile, international oil benchmark Brent crude fell 1.12 percent to USD 84.86 per barrel.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
IndiGo, Air India plan to purchase up to 170 wide-body planes in little over a year
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Four-day market rally makes investors richer by Rs 8.48 lakh crore
Kotak Bank barred from onboarding customers online, issuing fresh credit cards
MUST WATCH
Latest Additions
Karnataka sees over 22% voter turnout in 14 Lok Sabha seats by 11 AM
7 intermediate students die by suicide after announcement of results in Telangana
7 intermediate students die by suicide after announcement of results in Telangana
2 Army personnel Injured, 2 terrorists neutralized in Baramulla gunfight
BJP’s Nadda accuses Congress of politicizing reservations for SCs and OBCs’