Sensex declines by 398 points, Nifty ends below 25K on profit taking in Tata Motors, RIL
The Hindu
Sensex drops 398 points, Nifty below 25,000 as Tata Motors, Reliance, and L&T face selling pressure amid weak global trends.
Benchmark Sensex reversed its early gains to close lower by 398 points while broader Nifty slipped below the 25,000 mark due to selling in Tata Motors, Reliance Industries and L&T amid weak global trends.
In a volatile trade, the 30-share BSE Sensex dropped 398.13 points or 0.49% to settle at 81,523.16.
The index opened higher and touched the day's high of 82,134.95 points in the mid-session. However, selling pressure emerged in the pre-close session and the index tanked 498.15 points or 0.60 per cent to hit a low of 81,423.14.
The NSE Nifty declined 122.65 points or 0.49% to 24,918.45.
Among the 30 Sensex firms, Tata Motors was the biggest loser, tumbling nearly 6%, followed by NTPC, Adani Ports, Larsen & Toubro, State Bank of India, JSW Steel, Mahindra & Mahindra, IndusInd Bank and Titan.
In contrast, Asian Paints, Bajaj Finance, Hindustan Unilever and Bajaj Finserv were among the gainers.
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