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.