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Indian Market: Sensex slumps 1,093.22 points Sensex-Nifty
Image Credit: UNI

Indian Market: Sensex slumps 1,093.22 points

India Blooms News Service | @indiablooms | 16 Sep 2022, 05:24 pm

Mumbai: The equity market remained under pressure for a third straight session as the BSE Sensex on Friday crashed 1,093.22 points to settle below at 59K at 58,840.79 following heavy selling in realty, materials, technology, auto and consumer durable stocks.

The Nifty of the National Stock Exchange (NSE) too fell 346.55 points at 17,530.85.

The Sensex slipped 349 points at 59,585..72 in opening trade. During the day it dropped 1247 points at 58,687, the day's low, before closing at 58,840.79, sliding 1093.22 points from its previous close.

In scrips, Tech Mahindra was a major loser, down by 4.43 per cent to Rs 1,034.50 followed by Ultracemco by 4.17 per cent to Rs 6,503.95, Infosys by 3.80 per cent to Rs 1,377.60, M&M by 3.52 per cent to Rs 1,251.35 and Nestle India Ltd by 3.02 per cent to Rs 18,426.95.

The gainers were IndusInd Bank by 2.47 per cent to Rs 1,225.60 and Axis Bank by 0.04 per cent to Rs 790.

The Mid Cap and Small Cap declined by 2.85 and 2.38 per cent respectively.

In 30 scrips, 2 advanced while 28 declined.

The Asian Market was seen weak as Australia fell by 1.52 per cent followed by China by 2.30 per cent, Hong Kong by 0.89 per cent and Japan by 1.11 per cent.

(With UNI inputs)