Weak global cues, sell-off in RIL, IT drag indices; Sensex tanks 1,066 pts

All that happened in the markets today.

Snapping its ten-day gaining streak, the domestic stock market came under selling pressure on Thursday amid weak global cues and profit-booking in recent outperformers such as RIL and information technology (IT) counters. 

The S&P BSE Sensex plunged 1,066 points, or 2.61 per cent to end the day at 39,728 levels while NSE's Nifty settled at 11,680, down 291 points, or 2.43 per cent. India Vix, the volatility index, jumped over 9 per cent to 22.05 levels. 

29 out of 30 constituents of BSE Sensex declined. Asian Paints (up 0.3 per cent) was the only stock in the index that ended in the green.

In the broader market, the S&P BSE MidCap index slipped 1.75 per cent and the S&P BSE SmallCap index fell 1.45 per cent. 

Global markets

Global shares fell on Thursday as governments across Europe tightened restrictions to battle an accelerating second wave of Covid-19 infections, dampening the prospects for economic recovery.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.6 per cent while Japan's Nikkei dropped 0.5 per cent.

Oil prices also fell as the renewed surge in the virus in large parts of the world underpinned concerns about economic activity.

(With inputs from Reuters)

3:43 PM

SECTOR WATCH | Nifty Bank tumbles over 3%

3:42 PM

MARKET AT CLOSE | Gainers and losers on the BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex tumbled 1,066 points, or 2.61 per cent to settle at 39,728 levels while the NSE's Nifty index ended at 11,680, down 290 points, or 2.43 per cent.

3:26 PM

Market update

3:19 PM

RITES takes 24% stake in railway station firm, gets board representation

RITES Ltd, a company of the Indian Railways has taken 24 per cent equity stake in Indian Railway Stations Development Corporation (IRSDC) and has got a representation on the company board. READ MORE 

3:09 PM

Nifty IT slips over 3% on profit booking; HCL Tech, Mindtree down over 5%

HCL Technologies, Mindtree, and Persistent Systems were down more than 5 per cent each at the bourses. Tech Mahindra, Mphasis, and Coforge were down 4 per cent, while Infosys, Wipro, Tata Consultancy Services (TCS), and Larsen & Toubro Infotech were down between 2 per cent and 3 per cent. READ MORE  

3:00 PM

Stocks that hit 52-week high on BSE today in an otherwise feeble market

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
AMBUJA CEMENTS	242.85	250.25	-1.54
ASIAN PAINTS	2084.10	2122.80	0.62
BERGER PAINTS	599.60	618.10	-1.05
HERO MOTOCORP	3338.90	3380.00	0.87
INFOSYS	1102.40	1185.00	-2.97

2:51 PM

SECTOR WATCH:: Nifty Bank index falls 600 points

2:46 PM

BSE Midcap index trades over 1.30% lower

2:40 PM

MARKET CHECK

2:37 PM

RIL, Infosys top contributors to Sensex's 900-point fall today

2:24 PM

MARKET UPDATE:: India VIX rises 8%

2:14 PM

UPDATE :: Nifty hovers above 11,700 level

2:11 PM

Heatmap :: Sensex sinks 890 pts

2:05 PM

Rupee Closing

Rupee ends lower at 73.38 per US dollar vs Wednesday's close of 73.30/$