Equity indices Sensex, Nifty suffered a vertical fall tracking weakness in global stocks. The 30-scrip Sensitive Index (Sensex) tumbled 306.33 points to end at an over 1-month low of 34,344.91 on closing, Wednesday, under widespread selling, led by metal and energy stocks.
Similarly, the 50-stock pivotal of NSE finished lower the crucial 10,500-Level at 10,430.35, down 106.35 points, on closing.
Shares of oil marketing companies such as BPCL (-5.43%), HPCL (-8.21%), ONGC (-5.32%), IOC (-4.42%) and Oil India Ltd (-3.83%), plunged on worries that the govt may ask them to share the burden of higher fuel (Petrol and diesel) prices.
NSE-Top Gainers and Losers: SBI (+3.76%), Tech Mahindra (+2.13%), Cipla (+1.91%), UPL Limited (+1.26%) and NTPC (+0.82%) were the top gainers on the NSE. On the other hand, HPCL, Vedanta, Tata Steel, BCPL and ONGC were the top losers.
India’s Metal Conglomerate Vedanta Limited’s shares fell at ten-month Low after Madras High court halts Sterlite Expansion of the company. Stocks plunged at 7.21 percent at Rs. 250.50 on NSE.
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