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MARKET: Sensex slips 323 pts amid weak global cues, Nifty ends at 11,516

All that happened in the markets today

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

(Photo: Kamlesh Pednekar)
(Photo: Kamlesh Pednekar)
The domestic stock market ended nearly 1 per cent lower on Thursday amid weak global cues. Global slipped despite the saying it would keep interest rates near zero. Further, geopolitical tensions, too, weighed on the investor sentiment. READ MORE
 
The S&P BSE Sensex today fell 323 points, or 0.82 per cent to settle at 38,980. Of 30 constituents, 26 declined and the rest four advanced. Bajaj Finserv (down over 2 per cent) ended as the biggest loser on the index while HCL Tech (up over 2 per cent) was the top gainer. 

NSE's Nifty50 settled at 11,516, down 88 points, or 0.76 per cent. India VIX gained over 2 per cent to 20 levels.

On the sectoral front, Nifty Realty index slipped the most - down 1.68 per cent to 222.5 levels. Nifty Metal index cracked around 1.4 per cent to 2,363 levels. Nifty Bank fell 1 per cent while the Nifty PSU Bank index dropped over 1 per cent. On the other hand, Nifty Pharma settled 0.39 per cent higher at 11,735 levels. 

Among individual stocks, HCL Tech entered the list of top-10 most valuable companies in India after the stock rose nearly 4 per cent to Rs 817 during the day. Shares of the company settled at Rs 808, up over 2 per cent on the BSE. 

Shares of Technologies (HMT) made a stellar debut at the bourses on Thursday as investors' money more-than-doubled after the stock ended at Rs 371, a 123 per cent higher against its issue price of Rs 166 per share on the bourses. READ MORE

In the broader market, the S&P BSE MidCap index settled 0.24 per cent higher at 15,009 levels while the S&P BSE SmallCap index lost 0.53 per cent to end at 15,350 levels.

Global markets 

The dollar stirred and equities recoiled on Thursday after a divided dented stimulus hopes, TikTok’s tug-of-war clobbered tech stocks and dire European car sales underscored coronavirus troubles.

In Asia, China shares ended weaker, with healthcare and consumer firms leading the losses. At the close, the Shanghai Composite index was down 0.41 per cent at 3,270.44, while the blue-chip CSI300 index lost 0.53 per cent to 4,632.71.

In commodities, Brent crude dropped 1 per cent to $41.80 per barrel while US crude fell 1.2 per cent to $39.68 per barrel at the time of writing of this report. 

(With inputs from Reuters)

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