Sensex tanks 927 points to close at 3-week low
The Hindu
The 50-issue NSE Nifty declined 272.40 points.
Benchmark Sensex plunged by 927 points to close at a three-week low while the broader Nifty settled at a four-month low on Wednesday amid weak global trends as investors braced for the release of the Federal Open Market Committee minutes later in the day.
Falling for the fourth day in a row, the BSE Sensex tumbled 927.74 points or 1.53% to settle at 59,744.98, the lowest closing level since February 1. During the day, it tanked 991.17 points or 1.63% to 59,681.55.
The 50-issue NSE Nifty declined 272.40 points or 1.53% to end at a four-month low of 17,554.30 with 47 of its constituents ending in the red.
From the Sensex pack, Bajaj Finance, Bajaj Finserv, Reliance Industries, Wipro, HDFC Bank, HDFC, ICICI Bank and Tata Steel were the major laggards.
ITC was the lone winner in the Sensex pack.
In Asian markets, South Korea, Japan, China and Hong Kong ended lower.
Stock exchanges in Europe were quoting in the negative territory in afternoon trade. The U.S. markets had ended significantly lower on Tuesday.