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HomeBusinessSensex Sinks 1,045 Points, Nifty Settles At 15,360

Sensex Sinks 1,045 Points, Nifty Settles At 15,360

The Benchmark indices witnessed a sharp fall and ended at a fresh 52-week low on June 16 amid selling across the sectors.

At close, the Sensex was down 1,045.60 points or 1.99% at 51,495.79, and the Nifty was down 331.60 points or 2.11% at 15,360.60. About 607 shares have advanced, 2680 shares declined, and 97 shares are unchanged.

Hindalco Industries, Tata Steel, Coal India, Tata Motors and ONGC were among the top Nifty losers, while gainers were HUL, Nestle India and Britannia Industries.

All the sectoral indices ended in the red with metal index fell over 5 percent.

BSE midcap and smallcap indices shed over 2 percent each.

Oil prices erased early gains to head lower on Thursday, a day after a fall triggered by a U.S. interest rate hike, though tight supply limited losses.

Brent crude futures were down 45 cents, or 0.4%, to $118.06 a barrel by 0906 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 44 cents to $114.87, also off 0.4%.

Both contracts broadly stayed within the previous session’s range.

Prices slipped more than 2% overnight after the Federal Reserve raised its key interest rate by 0.75%, the biggest hike since 1994.

Enforcement Directorate has attached assets worth Rs 17.7 crore in alleged Rs 804 crore fraud against SBI and BoB. The assets of M/S ABC Cotspin and related entities attached based on case filed by CBI.

Bank Of Baroda was quoting at Rs 98.00, down Rs 1.95, or 1.95 percent and State Bank of India was quoting at Rs 443.60, down Rs 7.90, or 1.75 percent.

UPL through its subsidiary USCL has acquired Kudos Chemie for Rs 40 crore, and to invest Rs 237 crore in Kudos over a period of 2 years as per resolution plan approved by NCLT.

Kudos manufactures speciality chemicals used as beverage and pharmaceutical ingredients and has manufacturing facility near Chandigarh.

UPL was quoting at Rs 693.70, down Rs 17.95, or 2.52 percent.

Supreme Court asked Haryana Discom to pay Rs 1,408 crore to Adani Power (Mundra) by June 28. Supreme Court issues notice to Uttar Haryana Bijli Vitran Nigam on Appeal by Adani Power (Mundra).

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