The Indian Wire » Business » BSE Sensex ends 280 points lower after 1500 points plunge in intra-day
Business

BSE Sensex ends 280 points lower after 1500 points plunge in intra-day

Stock MArket crash

D-Street‘s market crashed for the fourth consecutive day after observing a holiday on Thursday. Benchmark indices ended in negative for the fourth consecutive session on September 21, 2018. BSE Sensex witnessed a recovery in the morning trade only to plummet over 3% mainly because of the default in DHFL’s commercial paper. The market recovered a bit before closing as the company clarified the allegations. Although the benchmark indices still ended in red.

Highlights of September 21 trade:

  • Sensex dipped 279.62 points, or 0.75% to end at 37,121.22, whereas, NSE’s Nifty 50 dropped 91.25 points, or 0.81%, to close at 11,143.10. 
  • BSE’s Sensex witnessed a steep fall to lower as much as 3.04% or 1,127.58 points to 35, 993.64.
  • RBI‘s decision to cut down Rana Kapoor’s tenure resulted in YES BANK to fall 34% in the intra-day trade.
  • DHFL’s stock slipped over 60% leading to and hit a historical low of ₹246.25. 
  • Nifty fifty nosedived 3.37% or 367.90 points to 10,866.45. 
  • BSE MidCap dropped 1.72% and SmallCap fell 3% in today’s trade.
  • Only energy, oil and gas ended positively in sectoral indices. Finance lost 2.51% whereas realty and bankex broke down above 3%.

Who gained in BSE and Who did not?

ONGC (+1.95%), Wipro (+1.38%), ITC (+1.37%), TCS (+1.30%) and Asian paints (+1.07%) gained the most. While, Yes Bank (-28.7%), Kotak Mahindra (-3.86%), Adani Ports (-2.94%), IndusInd Bank (-2.38%) and Maruti Suzuki (-2.04%) collapsed the most.

Reach out to The Indian Wire!

Want to work with us? Looking to share some feedback or suggestion? Have a business opportunity to discuss?

You can reach out to us at [email protected] and we will get back in minutes.

Like us on Facebook!

Advertisement