Sensex drops 100 points, Nifty falls | Top stocks in focus
India Today
Nifty 50 index closed down 0.38 per cent or 61.80 points to 16,240.05, while the S&P BSE Sensex fell 0.19 per cent or 105.82 points to 54,364.85.
Sensex and Nifty ended lower for a third straight session on Tuesday, hit by sharp losses in metal and energy stocks, while investors stayed on the edge over rate hike and economic slowdown worries.
The NSE Nifty 50 index closed down 0.38 per cent or 61.80 points to 16,240.05, while the S&P BSE Sensex fell 0.19 per cent or 105.82 points to 54,364.85.
Nifty's metal and energy sub-indexes were among the top drags, plunging 5.2 per cent and 4 per cent, respectively.
Coal India, Tata Steel and Oil and Natural Gas Corp were among the worst performers on Nifty 50, falling between 6 per cent and 7 per cent.
The Indian rupee was hovering near record lows at 77.37 against the dollar.
"Global sentiment is negative because of geopolitical uncertainty, rise in rates, so it is like a storm which has come together but investors will have to weather it as market will remain extremely volatile for the next few days," said Samrat Dasgupta, chief executive officer at Esquire Capital Investment Advisors.
Nifty's volatility index, which indicates traders' expectations about market instability over the next 30 days, was up 1.23 per cent at 22.3025.
