Kotak Bank was the top loser in the Sensex pack, falling around 3 per cent, followed by Axis Bank, Sun Pharma, HDFC Bank, Bajaj Finance and Asian Paints. On the other hand, ONGC, PowerGrid and IndusInd Bank were the gainers. Equity markets’ record run screeched to a halt on Wednesday as investors pocketed gains in banking, finance and IT counters amid a mixed trend overseas. Snapping a three-day winning streak, the 30-share BSE Sensex slumped 694.92 points or 1.56 per cent to finish at 43,828.10. The index touched a lifetime high of 44,825.37 in the opening session.Similarly, the broader NSE Nifty touched a record intra-day peak of 13,145.85, before ending 196.75 points or 1.51 per cent down at 12,858.40. Kotak Bank was the top loser in the Sensex pack, skidding 3.22 per cent, followed by Axis Bank, Sun Pharma, HDFC Bank, Bajaj Finance, Asian Paints, Bharti Airtel, Infosys and Tech Mahindra. Only three index components closed in the green — ONGC, PowerGrid and IndusInd Bank, jumping up to 6.25 per cent. Global equities were mixed after the US’ Dow Jones Industrial Average breached the 30,000-mark for the first time in the overnight session on COVID-19 vaccine optimism. Reports that US… Read full this story
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Sensex plunges 695 pts on profit-booking; Nifty drops below 12,900 have 290 words, post on www.rediff.com at November 25, 2020. This is cached page on Asean Breaking News. If you want remove this page, please contact us.
