Sensex slides 311 points to settle at 58,775, Nifty closes in red at 17,522

Aug 25, 2022
Sensex slides 311 points to settle at 58,775, Nifty closes in red at 17,522

Fairness benchmarks ended decrease on Thursday as a fag-end sell-off worn out early positive aspects, with IT and financial institution shares enjoying spoilsport amid month-to-month derivatives expiry.

After remaining within the optimistic territory for many a part of the commerce, the BSE Sensex out of the blue got here beneath promoting stress over the last half-hour of the session, declining 310.71 factors or 0.53 per cent to settle at 58,774.72. In the course of the day, it hit a excessive of 59,484.35 and a low of 58,666.41.

Equally, the broader NSE Nifty dropped 82.50 factors or 0.47 per cent to finish at 17,522.45.

From the Sensex pack, Bajaj Finance, IndusInd Financial institution, Infosys, Tata Consultancy Companies, Axis Financial institution, Energy Grid, NTPC, Larsen & Toubro and HDFC have been the key laggards.

Maruti Suzuki India, State Financial institution of India, Dr Reddy’s and Titan have been the gainers.

In Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai ended greater.

Inventory markets in Europe have been buying and selling within the inexperienced throughout mid-session offers. Wall Road had ended with positive aspects on Wednesday.

In the meantime, the worldwide oil benchmark Brent crude climbed 0.17 per cent to USD 101.3 per barrel.

Overseas institutional buyers (FIIs) purchased shares price 23.19 crore on Wednesday, in response to change knowledge.