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Home  » Business » Sensex sinks 889 points amid broad-based selloff

Sensex sinks 889 points amid broad-based selloff

Source: PTI
December 17, 2021 16:22 IST
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IndusInd Bank was the top loser in the Sensex pack, shedding around 5 per cent, followed by Kotak Bank, HUL, Titan, Bajaj Finserv and HDFC.

NSE Nifty plunged 263.20 points to 16,985.20.

Equity benchmark Sensex plummeted 889 points on Friday, weighed by an across-the-board selloff amid a negative trend in global markets and relentless foreign fund outflows.

The 30-share index ended 889.40 points or 1.54 per cent lower at 57,011.74.

Similarly, the NSE Nifty plunged 263.20 points or 1.53 per cent to 16,985.20.

 

IndusInd Bank was the top loser in the Sensex pack, shedding around 5 per cent, followed by Kotak Bank, HUL, Titan, Bajaj Finserv and HDFC.

On the other hand, Infosys, HCL Tech, PowerGrid and TCS were among the gainers.

"Indices succumbed to the relentless FII selling this month as the Nifty skid below 17K with the IT Index being the only exception," said S Ranganathan, head of research at LKP Securities.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo ended with losses, while Seoul was positive.

International oil benchmark Brent crude fell 1.48 per cent to $73.91 per barrel.

Photograph: PTI Photo

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