Sensex, Nifty Log Biggest Single-Day Decline In A Month
A trader uses a telephone while working on the floor of the Colombo Stock Exchange in the central business district of Colombo, Sri Lanka. (Photographer: Kuni Takahashi/Bloomberg)

Sensex, Nifty Log Biggest Single-Day Decline In A Month

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Sensex, Nifty Log Biggest Single-Day Decline In A Month

Indian equity benchmarks fell close to a percent, its biggest intraday loss since February 26. The S&P BSE Sensex ended 0.93 percent lower at 37,808.91 and the NSE Nifty 50 declined 0.90 percent at 11,354.25. This is after gains in oil retailers were pressured by losses in Zee Entertainment and Vedanta.

The market breadth was tilted in favour of sellers. About 1,329 stocks fell and 434 shares advanced on National Stock Exchange. All sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Media Index.

Sensex, Nifty Log Biggest Single-Day Decline In A Month

Jet Airways Surges After Promoters Stepdown

Shares of the cash-strapped airline rose 11.7 percent intraday to Rs 252.50 apiece.

Promoter Naresh Goyal and wife Anita have quit their positions on the board, according an exchange filing. Also, the company to receive immediate funding support of upto 1,500 crore by lenders.

The trading volume was more than four times the 20-day average for this time of the day, Bloomberg data showed.

Sensex, Nifty Log Biggest Single-Day Decline In A Month

Sun Pharma Falls After Receiving Form 483

Shares of the country's largest drugmaker fell 2.6 percent intraday to Rs 461.20 per share.

Sun Pharma received Form 483 from U.S. FDA with one observation for its Baska Plant in Gujarat, according to Bloomberg.

Stocks Moving On Heavy Volumes

Securities & Intelligence Services:

  • Stock rose as much as 8 percent to Rs 880.40.
  • Trading volume was almost 40 times its 20-day average.

Welspun India:

  • Stock fell nearly 3.7 percent to Rs 58.30.
  • Trading volume was almost five times its 20-day average.

Hathway Cables And Datacom:

  • Stock gained 17 percent intraday to Rs 30.75.
  • Trading volume was almost nine times its 20-day average.

Zydus Wellness:

  • Stock fell as much as 1.5 percent to Rs 1320.
  • Trading volume was almost seven times its 20-day average.

REC:

  • Stock fell rose 10.6 percent to Rs 155.85.
  • Trading volume was almost six times its 20-day average.

Rahul Gandhi Announces Minimum Income Guarantee Sop

  • Congress President Rahul Gandhi assures Rs 12,000 per month minimum income plan.
  • The income plan to cover 20 percent of Indians.
  • Rahul Gandhi said the Congress government would make up for the income falling short of Rs 12,000 per month if voted to power.

Catch more on the development here.

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