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Global sell-off grips D-Street; Sensex plunges 486 pts, Nifty holds 15,700

Sectorally, all but IT index closed in the red with the Nifty Metal and PSU Bank indices leading the list of losers, down over 2 per cent each

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MARKET LIVE | Markets | Sensex

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Stock market updates: Anxiety that the spread of Covid-19 variants could upend growth going forward, back-pedalled reflation trades in global . Indian markets, too, followed suit and tumbled nearly 1 per cent on Thursday. 

The frontline S&P BSE ended 486 points down at 52,569 levels while the broader defended the psychological zone of 15,700 to end at 15,728 level, down 152 points. In the broader markets, the BSE MidCap and BSE SmallCap indices slipped 0.37 per cent and 0.09 per cent, respectively.

Sectorally, all but IT index closed in the red with the Nifty Metal and PSU Bank indices leading the list of losers, down over 2 per cent each, followed by the Nifty Bank index, down 1.4 per cent. The Nifty IT index was up 0.05 per cent.

Global markets
Futures on the S&P 500 Index dipped 1 per cent while the Stoxx Europe 600 Index dipped 1.2 per cent.The MSCI Asia Pacific Index fell 1.2 per cent and the MSCI Emerging Market Index sank 1.6 per cent.

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