Sensex Plunges 760 Pts, Turns Negative For 2018; Nifty Ends Below 10,250
On Thursday, stock benchmark Sensex erased all gains of 2018, as the index plunged over 2 per cent, following selloff in global markets, which was triggered by significant losses in Wall Street in overnight trade.
Within eight months, the US stock market plummeted to its lowest level, which has engulfed Asia and Europe as well. Today, the European stocks slumped to more than 18-month low in their early trade.
In today’s morning trading session, a weakening rupee only soured the mood on Dalal Street as investors lost Rs 2.63 lakh crore.
It was seen that today, the BSE Sensex tanked 759.74 points, or 2.19 per cent to 34,001.15 while its NSE counterpart Nifty closed the day at 10,234.65, down 225.45 points, or 2.16 per cent.
Plunge in stocks of IT and bank were the major contributors to Sensex’s decline.
On Sensex, only three stocks closed the day higher — ONGC, YES Bank and HUL.
Out of 50-share index, 41 stocks shut shop in the red and the remaining nine closed higher.
On BSE only oil & gas and energy indices ended the day higher.