Sensex, Nifty Post Biggest Single-Day Drop In Nine Months
A chart is displayed inside a stock exchange. (Photographer: Jasper Juinen/Bloomberg)

Sensex, Nifty Post Biggest Single-Day Drop In Nine Months

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Biggest Drop Since May 2020

Indian equities declined the most since May last year as a sell-off in bond markets across the globe sparked a rout in global equities.

The S&P BSE Sensex ended 3.8% or 1,939 points lower at 49,099 while the NSE Nifty 50 index also shed over 550 points to end 3.8% lower at 14,529. This was the worst weekly drop for the Sensex and the Nifty in a month, when equities had declined over 5% ahead of the Union Budget. All 50 constituents on the Nifty index ended with losses in today's session.

All sectoral indices ended lower with the Nifty Bank index emerging as the top sectoral laggard. The index fell 4.78% or 1,745 points to end below the 35,000 mark at 34,803. The PSU Bank index also saw declines of 4%.

The Nifty Auto index fell over 3% while the Nifty Metal index, Nifty Media index and the Nifty I.T. index saw losses between 2.3% to 2.7%.

The Nifty Pharma index, which at one point was the only sectoral gainer, gave up gains to end with losses of 1.8%.

Broader markets ended lower but the losses were modest as compared to the benchmark indices. The Nifty Midcap index fell 1.6% while the Smallcap index ended with losses of 1.2%.

The India Volatility Index ended 22.9% higher at 28.14.

1,324 stocks on the NSE ended with losses while 571 stocks bucked the trend to end higher.

Rupee Drops The Most Since March

 Sensex, Nifty Post Biggest Single-Day Drop In Nine Months

Also read: Indian Stocks Slump With Rupee and Bonds Amid Broad Asia Selloff

Auto Index Falls To A One-Month Low

 Sensex, Nifty Post Biggest Single-Day Drop In Nine Months

Enabling Direct Overseas Listing

Bucking The Trend: Rashtriya Chemicals & Fertilisers

  • Top gainer on the nifty Smallcap index
  • Gains as much as 19.3% to Rs 80.8
  • Trading at the highest level since April 2018
  • Up for the fourth straight day
  • Has gained 47% in the last four trading sessions
  • Today's volumes are 16 times its 20-day average
  • Stock in overbought territory with Relative Strength Index (RSI) at 84

All Stocks On The PSU Bank Index Decline

 Sensex, Nifty Post Biggest Single-Day Drop In Nine Months
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