Sensex tanks 500 points to close at 65,240, Nifty near 19,400

Benchmark indices Sensex and Nifty closed decrease for a 3rd straight day on Thursday in tandem with a bearish development in international markets and steady international fund outflows.

Sensex tanks 500 points to close at 65,245, Nifty near 19,400
Sensex tanks 500 factors to shut at 65,245, Nifty close to 19,400

Losses in ICICI Financial institution and HDFC Financial institution additionally added to the continuing weak development within the benchmark indices.

The 30-share BSE Sensex fell by 542.10 factors or 0.82 per cent to settle at 65,240.68. Throughout the day, it slumped 819.7 factors or 1.24 per cent to 64,963.08.

The NSE Nifty declined 144.90 factors or 0.74 per cent to finish at 19,381.65.

From the Sensex pack, Titan fell by over 2 per cent after the corporate reported a 4.3 per cent drop in consolidated internet revenue at 756 crore for the June quarter.

Bajaj Finserv, ICICI Financial institution, Nestle, UltraTech Cement, Bajaj Finance, Maruti, Tata Consultancy Companies, IndusInd Financial institution and State Financial institution of India have been the key laggards.

Infosys, JSW Metal, NTPC and Energy Grid have been the gainers.

In Asian markets, Seoul, Tokyo and Hong Kong ended within the unfavourable territory whereas Shanghai settled within the inexperienced. European markets have been buying and selling within the pink.

The US markets ended decrease on Wednesday after Fitch Scores minimize the US authorities credit standing by one stage.

International institutional traders (FIIs) offloaded equities price 1,877.84 crore on Wednesday, in line with change knowledge.

International oil benchmark Brent crude dipped 0.46 per cent to USD 82.82 a barrel.

In the meantime, India’s providers sector development touched a 13-year excessive in July as a considerable enchancment in demand situations and pick-up in worldwide gross sales induced the strongest enhance in new enterprise and output, a month-to-month survey mentioned on Thursday.

The BSE benchmark tumbled 676.53 factors or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 factors or 1.05 per cent to finish at 19,526.55.

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