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F&O expiry: Sensex tanks 1,115 pts on global sell-off; Nifty ends at 10,806

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

F&O expiry: Sensex tanks 1,115 pts on global sell-off; Nifty ends at 10,806
In the broader market, the S&P BSE MidCap index dropped 2.14 per cent to 13,933 levels.
The Indian stock market slumped on Thursday, the last of day of the futures & options (F&O) contracts for September series amid weak global cues. 

The benchmark S&P BSE Sensex tumbled 1,115 points, or 3 per cent to settle at 36,554. Barring HUL (up 0.36 per cent), 29 constituents of the index declined. IndusInd Bank (down 7 per cent) ended as the biggest loser on the index. 

NSE's Nifty settled at 10,806, down 326 points or 2.93 per cent. India VIX zoomed over 12 per cent to 23.57 levels. 

In the broader market, the S&P BSE MidCap index dropped 2.14 per cent to 13,933 levels while the S&P BSE SmallCap index slipped 2.28 per cent to 14,168 levels.

On the sectoral front, all the indices on the NSE ended in the red. Nifty IT and Nifty Metal slipped over 4 per cent each while Nifty Bank fell nearly 3.5 per cent to 20,457 levels. 

Global markets

Asian shares fell on Thursday following a slump on Wall Street overnight, as a series of warnings from US Federal Reserve officials underscored investor worries over the resilience of the economic recovery.

MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.35 per cent in the morning session on broad losses across the region.

Chinese blue-chips dropped 1.09 per cent, Hong Kong's Hang Seng fell 1.72 per cent, Seoul's KOSPI sank 1.73 per cent and Australian shares were 1.18 per cent lower. Japan's Nikkei fell 0.74 per cent.

In commodities, oil prices dropped weighed down by concerns that US economic recovery is slowing as the coronavirus outbreak lingers, while a renewed wave of Covid-19 cases in Europe have led to reimposed travel restrictions in several countries.

(With inputs from Reuters)

 

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