The Sensex suffered its biggest single-day rout in over four months
today as investors scrambled for the exit amid a flare-up in Sino-US
Profit-booking by participants following the recent rally on Dalal Street added to the selling pressure, brokers said.
auto, bank and realty stocks continued their slide, a day after the RBI
hiked rates, making loans costlier for consumers.
plunged 356 points to close at a one-week low of 37,165.16, while the
NSE Nifty dropped 101.50 points to finish below the 10,300-mark.
This is its biggest single-day fall since March 23, when it had plunged 409.73 points.
broader Nifty too succumbed to widespread selling and hit a low of
11,234.95, before ending at 11,244.70, down 101.50 points, or 0.89 per
Bharti Airtel was the top Sensex loser, skidding 2.79 per
cent, followed by Kotak Bank at 2.54 per cent and Maruti Suzuki 1.97 per
PowerGrid spurted 2.25 per cent, Coal India 1.07 per cent, HUL 0.92 per cent and IndusInd Bank 0.91 per cent, among others.
RBI had on Wednesday cautioned that the rising trade tensions can
escalate to a full-blown currency war, hurting global growth.
and European bourses tumbled after Beijing said it will retaliate if
the US goes ahead with its threat of imposing higher tariffs on Chinese
That's all for today's market wrap. Stay tuned for more.