Investors lose Rs 4.82 trn as Sensex falls 1,159 pts; many stocks suffer

Posting its biggest one-day rout in over six months, the BSE Sensex nosedived 1,159 points on Thursday as investors unwound long positions on expiry of monthly derivative contracts amid a string of lacklustre earnings and cautious sentiment overseas.

Banking, FMCG and energy shares came under heavy selling pressure, while midcap and smallcap counters also suffered hefty losses.

Sliding for the second straight session, the 30-share BSE benchmark tanked 1,158.63 points or 1.89 per cent to close at 59,984.70. This was its biggest drop since April 12 this year, when it had plunged 1,708 points.

Similarly, the broader NSE Nifty plummeted