Sensex slumps 765pts, Nifty ends below 17200; Reliance, FMCG, banks weigh – Business Standard

The BSE benchmark index, the Sensex, had started trade on a positive note and soon rallied to a high of 57,757 .

The overall market breadth was also positive, with 1,778 advancing shares versus 1,475 declining stocks on the BSE.

Asian Paints, Kotak Bank, Tech Mahindra, Maruti, Bharti Airtel, ITC, Sun Pharma, Dr.Reddy’s and Mahindra & Mahindra were the other prominent losers, down 1.5 per cent to 2 per cent, each.

In the broader markets, Vodafone Idea zoomed another 12 per cent and hit a 52-week high in trades today.

The BSE Sensex was down 650 points at 57,811, and the NSE Nifty had shed 176 points at 17,226.

In the broader market, NXTDIGITAL has soared 19 per cent to Rs 509.80, and was up 40 per cent in two days after the company’s rights issue was subscribed by 1.94 times or 194 per cent.

The BSE Sensex had shed 440 points at 58,021, and the NSE Nifty had declined 111 points to 17,291.

Tech Mahindra, Bharti Airtel, Asian Paints, ITc, Dr.Reddy’s, HDFC and HCL Technologies were the other prominent losers.

Kospi had gained 0.8 per cent, and Straits Times had added 0.3 per cent.

The BSE Sensex was down 96 points at 58,365, and the NSE Nifty had slipped 17 points to 17,385.

In the broader market, Unichem Labs has zoomed 15 per cent on receiving ANDA approval for its Aripiprazole tablets USP from the United States Food and Drug Administration .

After hitting an intra-day high of 58.757, the BSE Sensex erased gains and was down 100 points at 58,362.

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