Sensex Crashes Over 400 Points On Darkening Global Mood

Stock Market India: Equity benchmarks crashed on Thursday, extending losses from the previous session on darkening mood in global risk markets.

Indian equity benchmarks crashed on Thursday, extending losses from the previous session on a darkening mood in global risk markets ahead of the US inflation data, while cryptocurrencies remained under pressure after crypto exchange Binance dropped its bailout bid for rival FTX.

The BSE Sensex index crashed 419.85 points, or 0.69 per cent, to close at 60,613.70, and the broader NSE Nifty index declined 128.80 points, or 0.66 per cent, to end at 18,028.20.

In the previous session, the Sensex fell 151.60 points, or 0.25 per cent, to end at 61,033.55. The Nifty fell 45.80 points, or 0.25 per cent, to close at 18,157.

With a loss of 3.54 percent, Axis Bank led the Sensex group of losers, followed by Bajaj Finserv, Titan, M&M, Bajaj Finance, and IndusInd Bank.