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Sensex at 4-month low, sinks 700 pts; Nifty below 18,900

by Index Investing News
October 26, 2023
in Financial
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Stock Market Live: Taking cues from overseas, equity markets tumbled for a sixth straight session on Thursday to the lowest level in four months. The BSE Sensex fell 600 points to 63,403, its lowest level since June 26. The NSE Nifty50 lost over 200 points to slide to 18,920.


Tech M, M&M, HDFC Bank, Ultratech, Tata Motors, Bajaj Finserv led losses on the Sensex, sliding 1-3 per cent. While Axis Bank, IndusInd Bank and HCL Tech were the only stocks in green. 

 

The broader markets opened with sharp losses too. The BSE MidCap and SmallCap indices fell 1 per cent each.

All sectoral indices held sharp cuts, led by Nifty Realty, which fell 2.4 per cent. Nifty PSBs, Nifty Auto, Nifty Metal were next in line with over 1 per cent of losses. 

Sonata Software held ground amid broader losses. The stock was up 3 per cent after its Q2 results. The company also approved a 1:1 bonus issue.



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