Sensex tumbles 550.51 points

Sensex tumbles 550.51 points

Agency News

Mumbai, Oct 2: The BSE Sensex tumbled on Wednesday by 550.51 points to end below 36K-level at 35,975.63 due to sell-off in private banks, auto and IT stocks coupled with the fall in rupee to a new low amid sustained foreign fund outflows and surging crude oil prices.

The Nifty of National Stock Exchange (NSE) also fell by 150.05 points to 10,858. About 1,444 shares advanced against 1,194 declining shares on the BSE. Shriram Transport, Can Fin Homes, Reliance Nippon Asset Management, Muthoot Finance, Federal Bank, Jubilant Foodworks, Godrej Consumer, Dabur, GSK Consumer, Bata India, Godfrey Phillips, Ambuja Cements, Pidilite, Adani Enterprises and Apollo Tyres plunged 3-10 percent.

Balrampur Chini, Dhampur Sugar, Nalco, Gati, Hathway Cable, Tinplate and Indiabulls Real Estate rallied 4-20 percent. (UNI)