CLOSING BELL: PSU banks, auto, IT, metal, and realty stocks plunged the most on the bourses. Their respective indices on the National Stock Exchange declined between 2 and 4 per cent

MARKET LIVE: Selloff intensifies, Sensex down 1,100pts; Nifty below 17,550

<div>
	<b>CLOSING BELL<br />
	<br />
	Stock market highlights:&nbsp;</b>Bears prawled on Dalal Street on Friday as recession fears hammered global equities. Key indices crumbled under heavy selling pressure today with banks (especially in the public sector), auto, IT, metal, and realty stocks plunging the most on the bourses. Their respective indices on the National Stock Exchange (NSE) declined around 2-4 per cent.</div>
<br />
<div>
	At the headline level, the S&P BSE Sensex crashed 1,247 points intra-day before ending at 58,841, down 1,093 points or 1.82 per cent. The NSE Nifty50, too, sunk to a low of 17,505 before shutting shop at 17,530, down 346 points or 1.94 per cent.</div>
<br />
<div>
	The broader markets witnessed an equally brutal on-slaught with the Nifty MidCap 100 and SmallCap 100 falling in the range of 2.5 per cent to 3 per cent. Volatility index -- India VIX -- surged 8 per ent today to settle near 20-odd level.<br />
	<br />
	<strong>ALSO READ:&nbsp;<a href="https://www.business-standard.com/article/markets/three-reasons-why-sensex-has-crashed-over-1-400-points-in-last-3-sessions-122091600408_1.html" target="_blank">Three reasons why Sensex has crashed over 1,400 points in last 3 sessions</a></strong></div>
<br />
<div>
	<strong>Global cues</strong></div>
<div>
	European markets were trading lower Friday as growth fears, expectations for further rate hikes and continued volatility in the energy market weighed on stocks. The pan-European Stoxx 600 fell 1 per cent, with all sectors in the red. The UK&#39;s FTSE 100 was flat, Germany&#39;s DAX down 1.7 per cent, and France&#39;s CAC 40 fell 1.8 per cent.</div>
<br />
<div>
	Asia-Pacific shares fell on Friday as well, with Nikkei falling the most, down 1 per cent. On Wall Street, early indications suggested opening cuts of 1 per cent later today.&nbsp;</div>
<br />
<strong>ALSO READ:&nbsp;<a href="https://www.business-standard.com/article/markets/global-stock-markets-can-retest-june-2022-lows-cautions-chris-wood-122091600142_1.html" target="_blank">Global stock markets can retest June 2022 lows, cautions Chris Wood</a></strong>

STOCK MARKET LIVE: Sensex, Nifty, UPL, Tata Power, SBI, Harsha Engineers IPO, MTAR Technologies

Business Standard

STOCK MARKET LIVE: Sensex, Nifty, UPL, Tata Power, SBI, Harsha Engineers IPO, MTAR Technologies | News on Markets - Business Standard

OPENING BELL | Nifty sheds 150 pts to fall to 17,700 levels

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16633001539733.png

OPENING BELL | Sensex drops 400 points to 59,500 levels

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16633000788138.png

PRE-OPEN | Nifty likely slip below 17,800 at open

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16632996519518.png

PRE-OPEN | Sensex dips 350 points; heading for a weak open

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16632995687822.png

CURRENCY ALERT | Rupee opens 10 paise weaker at 79.80/$

Derivatives analyst Nandish Shah recommends Bull Spread on Granules India

<div>
	The analyst from HDFC Securities recommends buying Granules India 320 Call and simultaneously selling 340 Call of the September series. <a href="https://www.business-standard.com/article/markets/derivatives-analyst-nandish-shah-recommends-bull-spread-on-granules-india-122091600145_1.html" target="_blank"><strong>Read here</strong><br />
	<img alt="NSE, national stock exchange, nifty50" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/25/full/1614199664-3584.jpg?im=Resize,width=640" /></a></div>

Stocks on radar today: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

<div>
	Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-adani-ports-tata-power-upl-sbi-tata-motors-patanjali-asian-paints-ambuja-cements-122091600135_1.html" target="_blank"><strong>Read here</strong><br />
	<img alt="Equity market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/22/full/1658475843-135.jpg?im=Resize,width=640" /></a></div>

GLOBAL DATA | China Aug industrial output rises 4.2% from last year

&nbsp;China August industrial output rises 4.2% YoY vs estimates of 3.8%

Global stock markets can retest June 2022 lows, cautions Chris Wood

<div>
	Most global markets have staged a smart recovery since their June 2022 lows. The S&amp;P BSE Sensex has outperformed its peers with a rise of around 13 per cent since then. <a href="https://www.business-standard.com/article/markets/global-stock-markets-can-retest-june-2022-lows-cautions-chris-wood-122091600142_1.html" target="_blank"><strong>Read here</strong><br />
	<img alt="Chris Wood" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-05/31/full/1559278993-6359.jpg?im=Resize,width=640" /></a></div>

STOCK ALERT | Godrej properties achieves over Rs 1,200 cr sales from two Mumbai projects

REPORT | Voda Idea to not convert FY18-19 deferred AGM dues into equity

<div>
	Voda Idea decides to not convert FY18-FY19 deferred AGR dues into equity, said CNBC TV-18</div>
<div>
	&nbsp;</div>
<div>
	Alert: VI was to inform by Sep 16 if it wants to convert FY18-FY19 AGR dues into equities</div>

US stock futures trade with cuts in overnight deals

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16632979078464.png

COMMODITIES CHECK: Brent crude marginally up, above $90 per barrel

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16632977322797.png

DIIs sell equities worth Rs 928 crore on September 15

FIIs sell equities second day in a row, worth Rs 1,270 crore on September 15

Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550