Rediff.com  » Business » Sensex snaps 4-day winning run, plunges 561 points

Sensex snaps 4-day winning run, plunges 561 points

Source: PTI
June 24, 2020 16:32 IST
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IndusInd Bank was the top laggard in the Sensex pack, tanking over 7 per cent, followed by ICICI Bank, PowerGrid, Axis Bank, SBI and Bharti Airtel.

On the other hand, Asian Paints, ITC, Nestle India and Reliance Industries were among the gainers.

Sensex

Illustration: Uttam Ghosh/Rediff.com

Snapping its four-day rising streak, equity benchmark Sensex surrendered all early gains to plunge 561 points on Wednesday, tracking a selloff in financial stocks and weak cues from global markets.

The 30-share index settled 561.45 points, or 1.58 per cent, lower at 34,868.98.

 

It hit an intra-day high of 35,706.55 and a low of 34,794.93.

Similarly, the NSE Nifty fell 165.70 points, or 1.58 per cent, to 10,305.30.

During the day, it touched a peak of 10,553.15 and a low of 10,281.95.

IndusInd Bank was the top laggard in the Sensex pack, tanking over 7 per cent, followed by ICICI Bank, PowerGrid, Axis Bank, SBI and Bharti Airtel.

On the other hand, Asian Paints, ITC, Nestle India and Reliance Industries were among the gainers.

According to traders, despite opening on a positive note, selloff in financial stocks dragged domestic equities into the negative territory.

Stock exchanges in Paris, Frankfurt and London sank over 2 per cent in early deals.

Bourses in Hong Kong and Tokyo settled in the red, while Shanghai and Seoul ended with gains.

International oil benchmark Brent crude futures fell 1.15 per cent to $42.14 per barrel.

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