Dynamite News Sensex plummets 560 pts; bank, auto stocks bleed
Extending losses for the second consecutive session, market benchmark BSE Sensex plunged 560 points Friday after the government thwarted hopes of a tax relief for FPIs.
Mumbai: Extending losses for the second consecutive session, market benchmark BSE Sensex plunged 560 points Friday after the government thwarted hopes of a tax relief for FPIs.
Led by a sell-off in auto and banking stocks, the 30-share index cracked 560.45 points or 1.44 per cent to settle at 38,337.01. It hit an intra-day low of 38,271.35 and a high of 39,058.73, swinging 787 points.
Also Read | Stocks markets extend gains on positive global cues, metals rise further
Similarly, the broader NSE Nifty sank 177.65 points or 1.53 per cent to 11,419.25. During the day, the index hit a low of 11,399.30 and a high of 11,640.35.
Also Read |
Sensex drops over 250 pts; TCS down 2 pc
On the currency front, the Indian rupee appreciated 5 paise to 68.92 against the US dollar (intra-day).
Meanwhile, the global oil benchmark Brent crude futures soared 1.71 per cent to USD 62.99 per barrel. (PTI)