Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points
All that happened in today's trade
 "Nifty")
Source: NSE
The benchmark indices fell over 1%, extending losses for the fourth straight session, while the rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit.
The Sensex cracked 447 points, while the Nifty logged its steepest percentage fall since November 2016, ending below 10,000 mark. Broader markets undeperformed with the BSE Midcap and the BSE Smallcap indices losing over 2% each.
In view of the economic slowdown, the government may let the fiscal deficit to exceed this year's target as it considers a stimulus package in the range of Rs 40,000-50,000 crore by way of increased spending.
Global investor sentiment was also subdued after North Korea said it might test a hydrogen bomb in the Pacific Ocean and escalated a war of words with US President Donald Trump.
3:50 PM
Anand James, Chief Market Strategist, Geojit Financial Services
With global equity markets in risk-off mode over Korean tensions, the ongoing weakness has gained momentum. Approaching F&O expiry has also added to liquidation pressure. With the FIIs continuing to be net sellers, investors are also fretting on the impact on fiscal deficit targets if government were to go overdrive on with economic revival plans.
3:49 PM
Sectoral trend
Source: NSE
3:46 PM
Top Sensex losers and gainers
Source: BSE
3:43 PM
Broader markets underperform
The BSE Midcap and the BSE Smallcap indices tanked nearly 3% each.
3:40 PM
Markets at close
The S&P BSE Sensex ended 447 points down at 31,922, while the broader Nifty50 settled at 9,964, down 157 points.
3:28 PM
Economy booster package should stimulate pvt investment: Ex-RBI chief
Former Reserve Bank of India Governor C. Rangarajan on Friday said the package the government is looking at to revive the economy should be partly to raise capital expenditure and look at problems preventing private investments from rising. READ FULL REPORT
3:20 PM
Volatility index
India VIX rose over 10% to 12.86.
Source: NSE
India VIX rose over 10% to 12.86.
Source: NSE
3:14 PM
European markets
European shares steadied on Friday amid fresh tensions over North Korea but remained near recent highs ahead of this weekend’s general election in Germany, where conservative Chancellor Angela Merkel is expected to win a fourth term. The pan-European STOXX 600 index fell 0.1%.
European shares steadied on Friday amid fresh tensions over North Korea but remained near recent highs ahead of this weekend’s general election in Germany, where conservative Chancellor Angela Merkel is expected to win a fourth term. The pan-European STOXX 600 index fell 0.1%.
3:04 PM
Debt-laden banks 'concern' for economy: Jaitley
India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday. Jaitley said stressed bank assets have become a "concern" for the economy. Bad loans have crimped the ability of Indian lenders to offer new credit. READ FULL REPORT
2:50 PM
Buzzing stock
Dena Bank gained nearly 3% to Rs 31.80 on news reports that Vijaya Bank and Dena Bank have expressed interest in a merger and are discussing synergies. READ MORE
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First Published: Sep 22 2017 | 3:39 PM IST