MUMBAI: The BSE Sensex plunged 335 points on Thursday on selling of shares of financial companies amid weak trend globally. The 30-share BSE Sensex closed at 37,736.07 points, down 335.06 points or 0.88 percent. At the same time, the National Stock Exchange’s Nifty closed at 11,102.15 points, down by 100.70 points, or 0.90 percent.
IndusInd Bank was the biggest loser among the Sensex stocks. It declined by more than 5 percent. Apart from this, HDFC, Axis Bank, Powergrid, SBI, Bajaj Finserv and Bharti Airtel also declined. On the other hand, Sun Pharma, Maruti, Infosys and Reliance Industries gained momentum. Narendra Solanki, Head of Equity Research, Anand Rathi, said that the Indian market opened up in the midst of a mixed trend globally with the US Federal Reserve keeping interest rates unchanged.
He said, however, the market sentiment weakened in the afternoon trade as doubts arose over the asset quality of financial companies. Selling was seen in banks and financial companies. According to traders, in the futures and options section of the month of July, the market also fluctuated due to the purchase and sale made to complete the deals on the last day.
