Mumbai: Equity Benchmark Sensex slumped 300 points on Friday, tracking losses on the Steel Tata Department index, Reliance Industries and Bank Boxes amid a global selling in global equity.
The 30-stock index ended 300.17 points or 0.54 percent lower at 55,329.32, while the wider NIFTY NIFTY decreased by 118.35 points or 0.71 percent to 16,450.50.
Tata Steel is a top loser in the sensex package, plunging more than 8 percent, followed by SBI, Dr.
Reddy’s, Bank Box, Sun Pharma, Bajaj Auto and L & T.
On the other hand, Hul, Cat Asia, Nestle India and Bajaj Finance included Among control.
“Domestic equity witnessed high volatility with selling pressure throughout the counter.
In particular, FMCG restrictions, most sectoral indices traded in red with nifty metal witnessing the steep reduction followed by Realty, PSU Banks, and Pharma, Head – Strategy with Reliance Securities.
Rise in the case of Delta variants in various parts of the world and increasing concerns about the sustainability of global sustainable economic recovery caused orders for heavy profits in metal stocks, he added.
Elsewhere in Asia, Burun in Shanghai, Hong Kong, Tokyo and Seoul ended with a big loss .
Equity in Europe also traded red in a mid-session agreement.
Meanwhile, Benchmark International Oil Brent crude oil fell 0.59 percent to $ 66.06 per barrel.
Sensex falls 300 points; Nifty ends under 16,500
