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Sensex ends 740 points lower at 48,440; Nifty sinks below 14,400

Fairness benchmark Sensex plunged 740 factors on Thursday, dragged by losses in index majors Reliance Industries, Infosys and HDFC Financial institution as month-to-month derivatives expired amid weak cues from world markets.

The 30-share BSE index ended 740.19 factors or 1.51 per cent decrease at 48,440.12, and the broader NSE Nifty declined 224.50 factors or 1.54 per cent to 14,324.90.

Maruti was the highest loser within the Sensex pack, shedding round four per cent, adopted by Bharti Airtel, HUL, NTPC, Bajaj Finance, UltraTech Cement, ONGC and Reliance Industries.

Then again, Dr Reddy’s, ICICI Financial institution, L&T and HDFC have been the gainers.

Home equities fell as prevailing considerations with reference to sharp rise in COVID-19 circumstances have clearly dented buyers’ sentiments, stated Binod Modi, Head – Technique at Reliance Securities.

Barring financials and metals, all key sectoral indices led to purple.

Additional, futures and choices (F&O) expiry issue additionally contributed to volatility, he famous, including that market capitalisation of home market slipped under 200 trillion first time after February 3, 2021, leading to wealth erosion of over 5 trillion in final two days.

Elsewhere in Asia, bourses in Shanghai and Hong Kong have been within the purple, whereas Tokyo and Seoul ended on a constructive notice.

Inventory exchanges in Europe have been buying and selling with losses in mid-session offers.

In the meantime, the worldwide oil benchmark Brent crude was buying and selling 1.35 per cent decrease at USD 63.54 per barrel.

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