Sensex plunges 695 pts on profit-booking; Nifty drops below 12,900
Team Udayavani, Nov 25, 2020, 4:01 PM IST
Mumbai: Equity benchmark Sensex tumbled 695 points on Wednesday, tracking heavy profit-booking in index majors HDFC Bank, Infosys and Kotak Bank amid mixed cues from global markets.
After touching a lifetime high of 44,825.37 in opening session, the 30-share BSE index ended 694.92 points or 1.56 per cent lower at 43,828.10.
Similarly, the broader NSE Nifty touched a record intra-day peak of 13,145.85, before ending 196.75 points or 1.51 per cent down at 12,858.40.
Kotak Bank was the top loser in the Sensex pack, falling around 3 per cent, followed by Axis Bank, Sun Pharma, HDFC Bank, Bajaj Finance and Asian Paints.
On the other hand, ONGC, PowerGrid and IndusInd Bank were the gainers.
“Domestic equities witnessed sharp correction today as profit booking was seen across the counters,” said Binod Modi, Head- Strategy at Reliance Securities.
As expected, high volatility was seen ahead of monthly derivatives expiry, he noted.
“Having seen a sharp jump in last couple of trading days, a profit booking was broadly expected,” he added.
Elsewhere in Asia, bourses in Shanghai and Seoul settled in the red, while Tokyo and Hong Kong ended with gains.
Stock exchanges in Europe were also trading on a mixed note in early deals.
Meanwhile, Brent crude futures, the global oil benchmark, was trading 1.15 per cent higher at USD 48.33 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
Government may hike agri credit target to about Rs 19 lakh crore in Budget
Petrol, diesel prices at all-time high
Indian economy estimated to contract by 9.6% in 2020, grow at 7.3% in 2021: UN
RBI refutes reports of withdrawal of old Rs 100, Rs 10, Rs 5 notes
Biden to sign executive orders to promote ‘Made in America’ products
MUST WATCH
Mangaluru: Minister Kota Srinivas Poojary hoists flag at D.K district Republic Day celebrations
Mithun Shetty Hebri | Banana Farming information Guide for Beginners
Violators who set fire to crop and disconnected the power from pump set! | Udayavani
Swimming in Padmasana Posture | Gangadhar G Kadekar sets Record
The lorry driver’s disaster on the national highway: Hundreds of lives saved | Udayavani
Latest Additions
Kota: Three arrested in attempt to kidnap children
Deralakatte Ayyappa temple robbery case: Two arrested
Government may hike agri credit target to about Rs 19 lakh crore in Budget
Kohli has made India a tough side, can’t be bullied: Hussain
World Test Championship final postponed, to be played from June 18-22