Stock market under pressure after rebound in previous session; Nifty below 23,850
At the close, the Sensex fell 1,342.27 points, or 1.72%, to 76,863.71, while the Nifty dropped 394.75 points, or 1.63%, to 23,866.85.
At the close, the Sensex fell 1,342.27 points, or 1.72%, to 76,863.71, while the Nifty dropped 394.75 points, or 1.63%, to 23,866.85.
Broader indices underperformed the main indices with Nifty Midcap and Smallcap indices shed 2 each. The market capitalisation of BSE-listed companies fell by more than Rs 8 lakh crore to Rs 441 lakh crore.
The KSRTC bus bound to Mangalore from Kasaragod lost control and collided with the auto rickshaw first before ramming the waiting area.
Nifty opened at 24,812 and traded within a narrow range, touching an intraday high of 24,863 and a low of 24,717, while the Sensex skidded 182 points, or 0.22%, to settle at 81,451 points.
The benchmark indices ended lower on Friday, with auto and Information Technology stocks remaining under pressure amid concern over the upcoming US tariffs.
Market opened flat and traded in range. Nifty failed to cross 25,000 amid selling seen in the auto, bank, realty stocks.
Indian Benchmark indices opened in negative territory as the Union budget proved to be a non-event to the market participants.
This newly launched XUV700 has created a great hype in the market, with more than 50,000 bookings in the first two days alone.
The Delhi Government set up a Committee for fare revision of auto rickshaws and taxis in the national capital on Wednesday.
The company has to invest Rs 250 crore for existing auto manufacturing companies, and Rs 500 crore for the new manufacturers.
