Sensex tanks 1,545 point on 24 January |
Indian equity market indices on the Bombay Stock Exchange and National Stock Exchange continued their losing streak for the fifth straight day.
Markets crashed over 2.5 percent on January 24, led by a selloff across all the sectors amid weakness in the global market.
BSE Sensex crashed 1,545.67 points to end at 57,491.51 while the Nifty 50 fell 468.05 points to settle at 17,149.10. Both the indices had opened around 0.4 percent lower earlier in the day and during the intraday fell as much as 3.5 percent.
On the Sensex pack, all the stocks ended in the red. Tata Steel and Bajaj Finance were the worst performers of the day falling nearly 6 percent, followed by Wipro, Tech Mahindra, Titan Company, Reliance Industries (RIL), HCL Technologies, Kotak Mahindra Bank, Bajaj Finserv and Asian Paints.
All the sectoral indices on NSE ended lower with the Nifty Realty index falling 5.90 percent dragged by Sunteck Realty, Godrej Properties and Sobha. The Nifty Metal index too crashed 5.23 percent weighed by Hindustan Copper and JSW Steel. Apart from these, the Nifty IT index too declined 3.42 percent due to a fall in Coforge and Larsen & Toubro Infotech.
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