Mumbai, Oct. 8 -- Benchmark stock index Sensex tanked 1,045 points while Nifty slid to a 21-month low on Thursday following heavy selling in rate-sensitive, commodities and FMCG shares amid a sharp spike in crude oil prices and growing prospect of tighter domestic and global monetary conditions.
Falling for the second day running, the 30-share BSE Sensex tumbled 1,045.46 points, or 1.44 per cent, to settle at a more than two-and-a-half-year low of 71,593.24.
The market capitalisation of BSE-listed companies eroded by Rs 10,01,898.68 crore to Rs 4,60,97,032 crore ($4.76 trillion) in a single day.
The 50-share NSE Nifty dropped 371.25 points, or 1.64 per cent, to end at a 21-month low of 22,231.80.
From the 30 Sensex firms, ITC was the biggest loser, down by 4.24 per cent. InterGlobe Aviation dropped 3.36 per cent, Power Grid by 3.16 per cent, Bharat Electronics by 3.1 per cent, Adani Ports by 2.59 per cent and NTPC by 2.43 per cent. Tech Mahindra, Axis Bank and Infosys were the winners. Brent crude, the global oil benchmark, jumped 4.25 per cent to $104.5 per barrel.
All BSE sectoral indices ended lower. Power slumped 3.51 per cent, Metal 3.34 per cent, Utilities 3.38 per cent, Realty 3.07 per cent, Capital Goods 3.02 per cent, Industrials 2.93 per cent, Services 2.76 per cent & Commodities 2.71 per cent. A total of 3,426 stocks declined, 1,003 advanced & 225 remained unchanged on the BSE.
Published by HT Digital Content Services with permission from Millennium Post.