More than Rs 3.3 lakh crore of investors' wealth eroded in a single day.
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 84,950.95 | 388.17 | +0.46% |
| Nifty 50 | 26,013.45 | 103.40 | +0.40% |
| Nifty Bank | 58,962.70 | 445.15 | +0.76% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Eternal | 309.55 | 5.80 | +1.91% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| TMPV | 372.70 | -18.50 | -4.73% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 8491.65 | 91.75 | +1.09% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 10495.90 | 1.10 | +0.01% |
More than Rs 3.3 lakh crore of investors' wealth eroded in a single day.
HPCL, BPCL and IOC were biggest losers among Nifty50 stocks, falling more than 11 percent after Finance Minister Arun Jaitley said the government cut excise duty on petrol & diesel by Rs 1.50 per litre. "Oil marketing companies will absorb Re 1 per litre w.r.t petrol & diesel prices."
Reliance Industries (6.87 percent) and Eicher Motors (5.71 percent) were other losers while ICICI Bank bucked the trend, rising 4.21 percent followed by Axis Bank (up 2.45 percent), UltraTechCement (2.16 percent), Bharti Infratel (1.77 percent) and Yes Bank (up 1.06 percent).
Benchmark indices closed sharply lower on Wednesday with the Sensex losing 806.47 points or 2.24 percent to35,169.16 as all sectoral indices ended in the red.
The 50-share NSE Nifty plunged 259points or 2.39 percent to10,599.30. More than two shares declined for every share rising on the BSE.
Tata Motors' subsidiary JaguarLand Rover sold 19,874 units in UK in September, down 2.6 percent compared to 20,403 units sold in same month last year.
Jaguar sales increased 2.1 percent year-on-year to7,047 units whileLand Rover sales slipped 3.8 percent to 12,827 units in month gone by.
: Shares of Oil marketing companies slipped up to 11 percent after government cut excise on petrol and diesel by Rs 1.50, while OMC will absorb Re 1 cut.
Government cuts excise duty on petrol and diesel by Rs 1.50 per litre andOMC will cut excise by Re 1 per litre.
: Reliance Communication told Supreme Court (SC) that it will secure the necessary approvals from DoT in 10 days. SC to hear Ericsson's contempt plea against Rel Comm on October 9, reported CNBC-TV18.
Share price of aviation companies were trading higher by 5-12 percent on Thursday.
Interglobe Aviation was quoting at Rs 824.90, up 6.08 percent, Jet Airways was quoting at Rs 198.25, up 11.69 percent and SpiceJet was quoting at Rs 68.95, up 9.97 percent on the BSE.
Benchmark indices recovered a bit from day's low with the Sensex trading down 642.37 points or 1.79 percent at 35,333.26.
The 50-share NSE Nifty declined 202.00 points or 1.86 percent to 10,656.30.
The Indian rupee also recovered from its day's low to trade at 73.59 against the US dollar, down 25 paise from previous close of 73.34 a dollar. The currency hit record low of 73.82 on consistent dollar demand.
In the today's market correction, more than Rs 2.5 lakh crore worth of investors' wealth eroded.
The Market Capitalisation of BSE companies declined to Rs1,41,02,145.98 crore on October 4 from Rs1,43,71,351.05 crore on October 3, at 14:50 hours IST.
