Sensex plunges 525 points, Tata Steel down 10 pc

ANI
20 Sep 2021, 21:37 GMT+10

Mumbai (Maharashtra) [India], Sep 20 (ANI): Equity benchmark indices were in the bear grip on Monday with traders booking profit in metal and banking stocks amid nervousness in global markets.

At the closing bell, the BSE SP Sensex was down by 525 points or 0.89 per cent at 58,491 while the Nifty 50 tumbled by 188 points or 0.07 per cent to 17,397.

Except for Nifty FMCG which moved up by 0.9 per cent, all other sectoral indices were in the red with Nifty metal cracking by 6.6 per cent, PSU bank by 4.2 per cent and realty by 2.1 per cent.

Among stocks, Tata Steel retreated by 10 per cent to Rs 1,247.35 per share while JSW Steel lost by 7.7 per cent and Hindalco by 6.1 per cent.

State Bank of India fell by 3.8 per cent, IndusInd Bank by 3.6 per cent, agro-chemicals manufacturer UPL by 5.3 per cent, Tata Motors by 3.5 per cent and Eicher Motors by 3.2 per cent.

The other prominent losers were HDFC, HDFC Life, Dr Reddy's, Cipla, Sun Pharma and Power Grid Corporation.

However, Hindustan Unilever gained by 2.8 per cent, ITC and Nestle India by 0.8 per cent, Britannia by 0.4 per cent, HCL Technologies by 0.58 per cent and Reliance Industries by 0.05 per cent.

Meanwhile, Asian markets were mixed with Hong Kong's Hang Seng index tumbling by 3.3 per cent on plunging property stocks. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

16 ℃

Fair in Dekelia

International Business

Section

Sinclair nationwide tv network shut down by ransomware attack

HUNT VALLEY, Maryland: An outage on 16th October that affected Sinclair Broadcast Group, which operates many local TV stations across ...

UK, New Zealand free trade zone opposed by British farmers

LONDON, England: The UK and New Zealand have agreed to establish a free trade zone, claiming it will benefit consumers ...

Electricity cutbacks in China as price of coal soars

BEIJING, China: Throughout the world, countries are suffering from the disruptions of global supply chains.A growing list of commodities and ...

56% jump in UK business insolvencies as rising costs overwhelm firms

LONDON, England: Businesses in England and Wales failed at a rate 56 percent higher in September than any month since ...

Turkish Opposition says Erdogan's move to expel 10 Envoys linked to domestic agenda

Tankara [Turkey], October 24 (ANI/Sputnik): Turkish President Recep Tayyip Erdogan's decision to declare personae non grata ambassadors of 10 countries ...