Sensex crashed by 806.47 pts

Sensex crashed by 806.47 pts

Agency News

Mumbai, Oct 4: The benchmark index of Bombay Stock Exchange on Thursday slumped another 806.47 points to 35,169.16 following a weak rupee which sunk to a fresh low in the intra-day trade and selling across the board.

The Nifty of National Stock Exchange (NSE) declined by 259 points at 10,599.25. The Bank Nifty tanked 1% to close at 24,819.30 points. The Indian rupee slumped to a fresh record low of 73.8175 per US dollar intra-day.

Mukesh Ambani-led Reliance Industries slumped over 7% and was among the top drags on both the Sensex and Nifty indices, while ICICI Bank shares surged 4% after Chanda Kocchar on Tuesday announced her resignation as the bank’s MD and CEO with immediate effect.

All sectors such as pharma, IT, FMCG, financial services, banks, and auto slipped into the negative territory. Reliance alone wiped off 275 points from the Sensex index, followed by HDFC Bank (-143.93 points), TCS (-105.94), Infosys (-82.23), ITC ( -63.05) and HDFC (-40.44).

Oil marketing companies stocks cracked up to 21% after the government on Thursday announced Rs 2.50/litre relief on petrol and diesel prices. The government has cut excise duty on petrol and diesel by Rs 1.50 per litre. OMCs will cut fuel prices by Rs 1 per litre, the government announced on Thursday. (UNI)