Market Crash Close Highlights, Friday, September 6, 2024: Indian benchmark indices BSE Sensex and Nifty 50 dropped more than 1 per cent each to close deep in the red on Friday, as the Indian markets were buffeted by regulatory headwinds, while some investors likely booked profits at record levels before the release of US jobs and payrolls data later in the day in the US.
At closing bell, the BSE Sensex was down 1,017 points, or 1.24 per cent, at 81,183.93, while the wider Nifty 50 was at 24,852.15, down 292.95 points, or 1.17 per cent.
On the 30-stock Sensex, losses (of up to 4.4 per cent) were led by SBI, NTPC, ICICI Bank, HCLTech, and Reliance, while overall, 23 stocks in the index closed in the red. Meanwhile, gains (of up to 1.22 per cent) on the index were led by Bajaj Finance, Asian Paints, JSW Steel, Sun Pharma, and Maruti Suzuki India.
On the Nifty 50 index, eight stocks advanced, with gains (of up to 1%) led by Bajaj Finance, Asian Paints, JSW Steel, LTIMindtree, and Nestle India, while 42 stocks ended in the red. Losses (of up to 4.3 per cent) were led by SBI, BPCL ICICI Bank, NTPC, and HCLTech.
That apart, all the sectoral indices on the NSE ended in the red. The PSU Bank index was down the most (down 3.57 per cent), followed by the Oil and Gas index (down 2.16 per cent). Other than that, the Bank and Financial Services services, along with Auto had lost more than 1 per cent each, while the rest were down around 1 per cent.
Even the broader market felt the pinch of the sell-off in the markets today, with the BSE SmallCap losing 0.96 per cent, while the BSE MidCap closed down 1.41 per cent.