Sensex tanks 1,300 points; banking, auto stocks plunge
The key Indian equity indices fell on Monday morning with heavy selling in banking, finance and auto stocks. The night…
The key Indian equity indices fell on Monday morning with heavy selling in banking, finance and auto stocks. The night…
Auto stocks advanced on better sales numbers for December month. Market leader Maruti, which posted a 20 per cent increase in vehicle sales in December, rose by 0.53 per cent while Bajaj Auto closed up by 1.03 per cent.
Mahindra and Mahindra, Hero Motorcorp and others were among other top gainers on the NSE.
The weakness in the domestic indices came on the back of a similar trend in the Asian markets along with a sharp decline in rupee and a slowdown in the manufacturing PMI data, analysts said.
Index-wise, the NSE Nifty50 traded at 10,980 points (1.54 p.m.), lower by 2.45 points or 0.02 per cent from the previous close.
The key Indian equity indices closed in the green on Friday supported by healthy buying activity in the auto stocks and a recovery in the rupee from its from its previous close.
Amid volatility, the key Indian equity indices provisionally closed in the red on Thursday.
The key Indian equity indices traded in the red during the morning session on Tuesday as heavy selling took place in automobile, IT and banking stocks.
Outperforming Asian equity markets, domestic bourses closed Tuesday’s trading session in the positive zone. The Sensex at the Bombay Stock…
Stocks snapped a 4-day winning streak on Monday as banks bore the brunt of heavy selling after they slashed lending rates on…
