Sensex Tumbles 379 Points, Nifty Ends Below 15,200; ONGC Top Gainer

Equity benchmark Sensex tumbled 379 factors on Thursday, monitoring losses in index heavyweights HDFC twins, ICICI Bank and Reliance Industries amid a weak pattern in international markets. The 30-share BSE index ended 379.14 factors or 0.73 per cent decrease at 51,324.69. Similarly, the broader NSE Nifty dropped 89.95 factors or 0.59 per cent to fifteen,118.95. Bajaj Finance was the highest laggard within the Sensex pack, skidding over 2 per cent, adopted by Kotak Bank, Nestle India, HDFC, M&M and ICICI Bank. ONGC was the highest gainer, rallying round 8 per cent. NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank have been among the many different winners.

According to analysts, profit-booking in personal banks, auto and FMCG dragged the benchmarks. Indian markets couldn’t maintain early beneficial properties and began buying and selling in unfavourable zone within the afternoon session as promoting stress was witnessed following weak international cues primarily from western markets as buyers awaited key financial information, stated Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.

Elsewhere in Asia, Shanghai ended on a optimistic be aware, whereas bourses in Hong Kong, Tokyo and Seoul have been within the purple. Stock exchanges in Europe have been largely buying and selling within the unfavourable terrain in mid-session offers.

Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.48 per cent increased at USD 64.65 per barrel.

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