New Delhi: Indian stock benchmarks plunged Tuesday amid a general sell-off, led by auto, metals and information technology stocks. The 30-share BSE Sensex fell 554 points or 0.90 percent to close at 60,755 in highly volatile trading, while the broader NSE Nifty was 195 points or 1.07 percent lower at 18,113. During the day, both indices fluctuated between gains and losses before settling into the negative zone.
Mid and small cap stocks ended weak as the Nifty Midcap 100 index fell 2.06 percent and the Nifty Smallcap 100 index fell 2.45 percent.
All 15 sector meters – compiled by the National Stock Exchange – were settled in red. Nifty Auto underperformed the index by diving a whopping 2.38 percent. The sub-indexes Nifty Metal and Nifty IT also witnessed significant selling pressure.
On the stock-specific front, Maruti Suzuki India was the top loser as the stock cracked 4.07 percent to Rs 7,929. Tata Consumer Products, UltraTech Cements and Eicher Motors and Grasim Industries were also among the laggards.
On the other hand, Axis Bank, ICICI Bank, HDFC Bank, Dr Reddy’s and Nestle India were among the winners.
Overall market size was weak as 1,157 shares rose, while 2,273 fell on BSE.
On the 30-share BSE platform, Maruti, UltraTech Cements, Tech Mahindra, HCL Tech, Tata Steel and IndusInd Bank suffered the most losses with a whopping 4.05 percent drop.
Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Dr Reddy’s, Titan and Nestle India were among the winners.