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Sensex plummets by 801.67 Points, Nifty takes a nosedive by 215.50 Points – News Article | Business
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NEW DELHI: The stock market experienced a steep downturn on Tuesday, with both the Sensex and Nifty indices plummeting notably due to profit-taking in index giants Reliance Industries and HDFC Bank following a surge in the preceding session.
BSE Sensex dropped by 801.67 points or 1.11%, settling at 71,139.90. At its lowest point during the day, it fell by 865.85 points or 1.20% to 71,075.72.
Meanwhile, the Nifty saw a decline of 215.50 points or 0.99%, closing at 21,522.10.
Bajaj Finance took a hit, falling by 5.03% after disappointing December quarter earnings failed to impress investors.
Other major laggards among the Sensex firms included Titan, UltraTech Cement, Bajaj Finserv, Reliance Industries, ITC, and NTPC.
On the upside, Tata Motors, State Bank of India, Hindustan Unilever, Power Grid, Tech Mahindra, and Tata Consultancy Services recorded gains.
In Asian markets, Tokyo ended positively, while Seoul, Shanghai, and Hong Kong closed lower. European markets showed gains, while the US markets ended higher on Monday.
On Monday, the BSE benchmark surged by 1,240.90 points or 1.76%, settling at 71,941.57, and the Nifty climbed by 385 points or 1.80% to 21,737.60.
BSE Sensex dropped by 801.67 points or 1.11%, settling at 71,139.90. At its lowest point during the day, it fell by 865.85 points or 1.20% to 71,075.72.
Meanwhile, the Nifty saw a decline of 215.50 points or 0.99%, closing at 21,522.10.
Bajaj Finance took a hit, falling by 5.03% after disappointing December quarter earnings failed to impress investors.
Other major laggards among the Sensex firms included Titan, UltraTech Cement, Bajaj Finserv, Reliance Industries, ITC, and NTPC.
On the upside, Tata Motors, State Bank of India, Hindustan Unilever, Power Grid, Tech Mahindra, and Tata Consultancy Services recorded gains.
In Asian markets, Tokyo ended positively, while Seoul, Shanghai, and Hong Kong closed lower. European markets showed gains, while the US markets ended higher on Monday.
On Monday, the BSE benchmark surged by 1,240.90 points or 1.76%, settling at 71,941.57, and the Nifty climbed by 385 points or 1.80% to 21,737.60.
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