Stock Market today : Sensex drops 169 points, Nifty settles below 11250 on last-minute sell off in banks


Both BSE sensex and NSE’s Nifty 50 ended in red in the volatile trade today after advancing in the morning session. Huge losses in financial stocks have led to a negative trend in both the indices for three consecutive days.

Highlights of September 18 trade: 

  • At the closing hours, Sensex ended 169 points lower at 37121.22 or 0.45%. While Nifty fell 44.50 points or 0.39% at 11243.40.
  • Only 978 shares advanced, against a decline of 1,667 shares leading to negative market breadth.
  • BSE MidCap and SmallCap were down by 0.72% and 0.98% respectively.
  • HDFC AMC stock sank over 8% as SEBI announced to cut total expense ratio on mutual fund scheme.
  • IT and metals managed to close on a positive note among sectoral indices.
  • Sell off in banking, automobile and FMCG weighed on the market.

Who gained and Who did not?

Among the top gainers were Coal India (+2.60%), ONGC (+1.90%), Tata Steel (+1.31%), Hero MotorCorp (+0.99%), and Sun Pharma (+0.78%).

Indusind Bank (-3.03%), Maruti Suzuki (-2.30%), HDFC Bank (-1.58%), Yes Bank (-1.44%), and Bharti Airtel (-1.03%) ended in red


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