Amid growing speculations of a US-China trade war, market indices fell sharply on Wednesday afternoon.
The BSE's Sensex plunged by 351.56 points to 33,019.07, while Nifty failed to maintain its 10,200 mark, trading 116.60 points lower at 10,128.40. It is said that around 1,427 shares declined against 1,183 advancing shares on the BSE.
Among top losers were PC Jeweller, Jaiprakash Associates, DLF, Union Bank, South Indian Bank and Ashok Leyland, whose shares fell up to 5 percent.
Meanwhile, the Nifty Bank index lost around 400 points as all sectoral indices traded in red, except the Auto index.
Earlier in the day, the Indian rupee opened higher by 3 paise at Rs.64.98 against one US dollar.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app