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.
At NSE, shares plummeted 14.98 per cent to a multi-year low of Rs 58.15. In 12 trading days, the scrip has plunged over 61 per cent.
The US-China trade tension also weighed on the investor sentiments. Caution was also seen ahead of the Federal Reserve meeting which will start on June 18-19.
"Another point of concern for the markets was the slowing of Chinese economy."
"Consolidated net profit for fiscal 2018-19 grew 29 per cent annually to Rs 249 crore from Rs 193 crore in fiscal 2017-18."
The Sensex advanced by 329.92 points, or 0.84 per cent, while the Nifty also advanced by 84.80 points, or 0.71 per cent, to 11,945.90.