Sensex records biggest one-day fall in 6 years, Nifty below 11,600; Infosys tanks 16%
BSE Sensex ended witnessed a fall of 334.54 points or 0.85 percent at 38,963.84.
BSE Sensex ended witnessed a fall of 334.54 points or 0.85 percent at 38,963.84.
The financial markets will resume on Tuesday.
At 11.23 a.m., the Sensex was trading 153 points lower at 36,915.28 while the Nifty was down 47.80 points at 10,900.50.
The domestic indices traded in line with global indices, as Asian markets also were largely trading in the red.
Sensex and Nifty that were up 38,169.87 (+322.22) points and 11,361.40 (+90.19) points gave away their intra-day gains to slip into red terrain in mid-session but again regained upside momentum in line with key Asian markets.
The 30-share index was trading 39.58 points, or 0.10 per cent, lower at 39,546.83 at 0940 hours. Similarly, the broader NSE Nifty was quoting a mere 2.85 points, or 0.02 per cent, down at 11,838.70.
Stock markets are being daily subjected to the vagaries of global as well as domestic uncertainties.
A sharp fall in sales of passenger and other vehicles is being cited as proof of not only economic slowdown but also drastic drop in consumption.
The state-run State Bank of India (SBI)-led consortium of lenders to Jet Airways said on Monday that it had decided to "seek resolution under the Insolvency and Bankruptcy Code (IBC) as only a conditional bid was received and requirement of the investor for SEBI exemptions and resolution of all creditors is possible under IBC"
On the National Stock Exchange, shares zoomed 19 per cent to Rs 39.40 after dropping to an all-time low of Rs 26.55 during the morning trade.
