- IT stocks plummet as Nomura and JP Morgan raise growth concerns
- Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month
- Is the golden period of retail inflows ending? Watch out for these factors
- Globus Spirits slips 15% on weak March quarter results
- GAIL's Rs 1,083 crore buyback offer kicks off: Should you tender shares?
- Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan
- Govt exempts customs duty on soybean, sunflower oil; AWL, Ruchi Soya dip 5%
- After FII, will retail investor flows into equity market also shrink?
- Sugar stocks extend fall, slip up to 9% as government restricts exports
- Minda Industries rallies 9% post Q4 results and 1:1 bonus issue
Investors lose Rs 1.2 trillion as Sensex drops 587 pts amid global sell-off
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent)
Stock market updates: Domestic markets fell in-line with global stocks as potential third waves in the US and the UK, and a spike in coronavirus cases in Japan and Australia desite lockdown-like restrictions, stalled growth rally.
The benchmark S&P BSE Sensex plunged 587 points, or 1.1 per cent, to end at 52,553 while the Nifty50 ended below the 15,750-mark at 15,730 levels, down 193 points. In the broader markets, the BSE MidCap and SmallCap indices fell 0.58 per cent and 0.31 per cent, respectively.
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent) as the deterioration in the lender's asset quality in Q1FY22 sparked fears of a blow to economic recovery.
Japan's Nikkei fell 1.25 per cent, South Korea's Kospi erased 1 per cent, and pan-European STOXX 600 index cracked 1.6 per cent. Stock futures of all three main Wall Street indices were also down between 0.7-0.9 per cent.