Sensex slumps nearly 500 points amid escalating tensions in Middle East
The Hindu
The 30-share BSE Sensex fell 483.24 points or 0.73% to settle at 65,512.39. The Nifty declined 141.15 points or 0.72% to end at 19,512.35.
Equity benchmark indices Sensex and Nifty tumbled nearly 1% on October 9 as investors offloaded finance, utility and energy stocks amid escalating tensions in the Middle East and surging crude oil prices overseas.
Investors stayed on the sidelines and refrained from taking big risks amid huge uncertainty due to the Israel Hamas conflict, analysts said.
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The 30-share BSE Sensex fell 483.24 points or 0.73% to settle at 65,512.39. The Nifty declined 141.15 points or 0.72% to end at 19,512.35.
Only three Sensex stocks traded in the green, while the Nifty-50 saw its 43 stocks closing in the red.
Mahindra & Mahindra was the top laggard in the Sensex pack, sliding 2.05%, followed by Bajaj Finance, Tata Steel, SBI, Asian Paints, Kotak Mahindra Bank and Titan.
However, IT majors HCL Technologies and TCS defied the trend and gained 1.02% and 0.47%, respectively. FMCG firm Hindustan Unilever rose 0.32%.