Sensex Crashes Over 1,100 Points, Nifty Below 11,000

NDTV Profit Team

21 Sep 2018, 01:23 PM IST

Yes Bank was the top loser in the Sensex pack today.

Benchmark equity indices crashed on Friday after opening on a positive note. At 1:07 pm, the S&P BSE Sensex tanked 672.38 points or 1.81 per cent to trade at 36,448.84. The broader Nifty50 was trading at 11,042.55, down 191.80 points or 1.71 per cent. Yes Bank was the top loser in the Sensex pack today by tumbling as much as 34.03 per cent in early trade today after the Reserve Bank of India (RBI) asked its managing director and CEO Rana Kapoor to step down after an extended term till January 31, 2019.

Other losers on Sensex pack in the session were TCS (-0.02%), Hindustan Unilever (-0.07%), Wipro (-0.53%), Bharti Airtel (-0.70%), Infosys (-1.58%) and Yes Bank (-18.70%). Main laggards on Nifty pack were Bharti Airtel (-2.22%), HeroMotoCorp (-0.51%), Wipro (-0.45%), India Bulls Housing Finance (-0.25%) and Yes Bank (-0.19%).

On the other hand, prominent gainers in the 30-share Sensex pack in the session were ICICI Bank (+2.54%), Axis Bank (+2.25%), Tata Steel (+2.10%), HDFC (+2.01%), Asian Paints (+1.52%) and SBIN (+1.49%). Dr Reddy's (+0.53%), Titan (+0.53%), Induslnd Bank (+0.43%), Eicher Motors (+0.42%) and NTPC (+0.38%) led the pack of Nifty gainers.

Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing's and Washington's fresh exchange of import tariffs as less harmful than initially feared.

Globally, oil prices were little changed on Friday after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices at its meeting in Algeria this weekend.

Stock exchanges BSE and NSE have recently received the securities market regulator SEBI's approval to offer platforms for commodity derivatives trade from October 1, 2018.

Meanwhile, domestic stock markets were closed on Thursday on account of Muharram. On Wednesday, the indices ended on a lower note. The S&P BSE Sensex settled at 37,121.22, down 169.45 points and the Nifty50 index of the National Stock Exchange (NSE) ended at 11,234.35, with a loss of 44.55 points. This was the lowest closing levels for markets since late July. (With agencies inputs)