Sensex, Nifty Log Worst September Since Lehman Crisis
Closing Bell: Sensex, Nifty Decline For Third Straight Day
Indian equity benchmarks fell for third day in a row paced by losses in Larsen & Toubro, Yes Bank, Maruti Suzuki, Bharti Airtel and Tata Steel.
The S&P BSE Sensex fell 0.27 percent or 97 points to 36,227 and the NSE Nifty 50 Index declined 0.4 percent or 47 points to 10,930.
On monthly basis, the benchmarks posted their worst decline since February 2016. The Sensex fell 6.26 percent and Nifty plunged 6.42 percent making it the worst September since Lehman Brothers crisis of 2008.
In today’s trade, fifteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Metal Index’s 5 percent drop. On the flipside, the S&P BSE Oil & Gas Index was top gainer, up 0.12 percent.
Mid- and small-cap shares underperformed larger peers as the S&P BSE MidCap Index fell 1.6 percent and the S&P BSE SmallCap Index tumbled 3.4 percent.
Yes Bank MD And CEO Kapoor Says Will Never Sell Shares In The Bank
Yes Bank CEO tweeted that he will never sell his promoter shares in the bank and will rather bequeath them to his three daughters and subsequently to their children.
Sensex, Nifty On Track To Post Worst Monthly Decline In Two-And-A-Half Years
Indian equity benchmarks were on track to log worst monthly drop in over two-and-a-half years. The Nifty 50 Index has so far this month slumped 7 percent and the Sensex has plunged 6.83 percent.
Venky's India At Near Two-Month Low
Shares of the poultry producer fell as much as 9.4 percent to Rs 2,175, its lowest since Aug. 01.
The stock is set for its longest losing streak in nearly two years. The Relative Strength Index was 29, indicating that the stock may be oversold, Bloomberg data showed.
Small-Cap Index Plunges Over 5%
The small-cap stocks were underperforming their larger peers as the Nifty Smallcap 100 Index fell as much as 5.2 percent compared with a loss of 0.6 percent in the Nifty.
Infibeam, ITDC, Lakshmi Vilas Bank and Century Plyboards were the top losers.