- BSE ready with technology for launching electronic gold receipts
- LIC to file draft IPO papers with Sebi by November, says FinMin official
- Coal giant NTPC said to plan IPOs of three units, could raise $2 billion
- M-cap of eight of 10 most valued companies tumbles below Rs 1.80 trillion
- Sebi warns Baba Ramdev for making dubious claims ahead of Ruchi Soya FPO
- Five-week winning run of indices ends amid rise in bond yields, oil prices
- IPO filing hits century this year amid favourable market conditions
- Larger cement companies better placed despite higher valuations
- DoT's Rs 3,050-crore penalty order drags down Airtel, Vodafone stocks
- Sebi extends relaxations for compliance with norms on rights issues
Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%
Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space
Tracking a rout in the global markets, the benchmark indices tumbled for the second day on Monday. Investors were spooked by a possible spillover of China's Evergrande's debt woes, fall in commodity prices and ahead of US Federal Reserve policy meet outcome.
Both the indices ended the volatile session near day's low. The BSE Sensex shed 525 points to end at 58,491 while the NSE Nifty closed the day at 17,397, down 188 points. Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space.
Sectorally, barring the Nifty FMCG index all indices ended in the red. Nifty Metal tumbled the most followed by the Nifty PSU Bank index, down 6.6 per cent and 4.18 per cent, respectively. Nifty Realty, Bank, Pharma also tanked nearly 2 per cent each.
The fall in broader markets was more pronouned as the BSE Midcap index plunged 1.84 per cent and the BSE Smallcap 1.8 per cent.