New Delhi: Domestic benchmark index Global Peer’s unprofitable tracking opened in the(Sensex crash Today) red on Friday. The benchmark crashed several points during the intra-day trade with investors losing around Rs 4 lakh crore.
The market cap of BSE-listed companies fell to Rs 277.58 lakh crore.
The BSE Sensex dipped over 1,000 points to trade at the 58,100 level around 2:30 pm and the NSE Nifty dipped over 300 points to the 17,350-mark.
All indices Nifty media sector-wise, Nifty Pharma, Nifty Metals Nifty Bank, Nifty Realty, Nifty Energy indices were the biggest losers – opening with marginal gains of around 1 percent.
Infosys, Tata Steel on the other hand, HUL, , HCL Tech, Titan, ITC, Sun Pharma leading the index gainers, HDFC Power Grid, Tech Mahindra, Twins, IndusInd Bank, Axis Bank, Kotak Bank, NTPC. top.
Mahindra and Mahindra Finance declined 10 percent after the Reserve Bank of India (RBI) objected to using third-party services for loan recovery and recovery operations until further orders.
The company’s board brings together the seven metals companies of the Tata Group. Tata Steel’s dividend increased by more than 2 percent after the approval. Hero Motor shares have been in the red since September 22 following an upward correction in effective motorcycle and scooter prices.
Broader markets in indices also plunged in line. The Nifty Smallcap 100 and Nifty Midcap 100 indices were down over 0.2 percent in early trade.
Asian stocks edged lower for a third day on Friday on fears of a possible global slowdown after further rate hikes by the Federal Reserve and other central banks curbed international trade as persistent inflation weighed on international trade.
The Dow Jones Industrial Average is 30,076.
68 The S&P 500 lost 0.8 percent to 3,757.99. 30,076.68 and the composite was down 1.4 percent at 11,066.81.