Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort
Closing Bell on August 31, 2023: Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Nestle India, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL slipped up to 1.2 per cent
Stock market highlights: A solid start to the day found an anti-climatic end as the benchmark indices succumbed to the selling pressure exerted by financials, and FMCG stocks.
The benchmark S&P BSE Sensex ended at 64,831, down 256 points or 0.39 per cent, dragged by Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Kotak Bank, Nestle India, Asian Paints, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL.
These stocks ended lower in the range of 0.6 per cent to 1.2 per cent.
The broader Nifty50, meanwhile, ended below the 19,300-mark at 19,254, down 94 points or 0.48 per cent.
In the broader market space, the BSE MidCap and SmallCap indices closed mixed with the SmallCap index ekeing out gains of 0.7 per cent.