Caution ahead of a likely hike in key lending rates by the Reserve Bank of India (RBI), along with a weak rupee and high crude oil prices, pulled the Indian equity indices deep in the red on Thursday.
The S&P BSE Sensex plunged by over 800 points, while the NSE Nifty50 lost over 300 points.
According to analysts, heavy selling pressure was witnessed in oil and gas, auto and healthcare counters.
Index-wise, the wider Nifty50 of the National Stock Exchange closed at 10,599.25 points, lower 259 points or 2.39 per cent from its previous close.
The S&P BSE Sensex, which opened at 35,820.53 points, closed at 35,169.16 points, down 806.47 points or 2.24 per cent, from its previous close of 35,975.63 points.
It touched an intra-day high of 35,820.53 points and a low of 35,022.12 points.
--IANS
ravi-rv/tsb/nir
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