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1-min read

Sensex Drops Over 200 Points; ICICI Bank, TCS Top Laggards

The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776.

PTI

Updated:September 19, 2019, 9:58 AM IST
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BSE
A file photo of the Bombay Stock Exchange (BSE).

Mumbai: Domestic equity benchmark BSE Sensex dropped over 200 points in early session on Thursday, dragged by losses in index heavyweights Yes Bank, TCS and Infosys, amid unabated foreign fund outflow and mixed global cues.

The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776.

In the previous session, the BSE barometer ended 82.79 points, or 0.23 per cent, higher at 36,563.88. Similarly, the broader NSE Nifty gained 23.05 points, or 0.21 per cent, to finish at 10,840.65.

Top losers in the Sensex pack in early trade included Yes Bank, ICICI Bank, IndusInd Bank, Tata Steel, Tech Mahindra, NTPC, SBI, HCL Tech, TCS, L&T, Infosys and Axis Bank, shedding up to 4.21 per cent.

On the other hand, Tata Motors, Maruti, Asian Paints, HDFC Bank, HUL and Bharti Airtel rose up to 1.40 per cent.

According to traders, global investor sentiment turned cautious after the US Federal Reserve cut its benchmark interest rate by 25 basis points, but dimmed hopes for further rate cuts as it took a cautious approach to further reductions in borrowing costs.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a mixed note in their respective late morning sessions.

On Wall Street too, bourses ended on a tepid note after Fed policy outcome on Wednesday.

Sustained foreign fund outflow too weighed on market sentiment here, traders said.

On Wednesday, foreign portfolio investor sold shares worth a net of Rs 959.09 crore, while domestic institutional investors bought equities worth Rs 780.45 crore, provisional data showed.

The rupee, meanwhile, was trading flat against its previous close at 71.20 in early session.

Global oil benchmark Brent crude rose 0.11 per cent to 63.67 per barrel (intra-day).

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Company Price Change %Gain
TCS 1,986.85 -0.88
Indiabulls Hsg 209.90 7.45
Infosys 814.80 4.05
IndusInd Bank 1,223.20 -0.43
Yes Bank 39.60 -3.30
Company Price Change %Gain
Indiabulls Hsg 209.95 7.67
Yes Bank 39.60 -3.30
TCS 1,987.05 -0.87
IndusInd Bank 1,223.25 -0.46
Bandhan Bank 583.40 15.08
Top Gainers
Company Price Change %Gain
Cipla 441.35 4.55
Vedanta 147.05 4.18
Infosys 814.80 4.05
Tata Motors 121.30 3.85
ONGC 129.00 2.79
Company Price Change %Gain
Infosys 815.70 4.19
Vedanta 146.95 3.96
Tata Motors 121.35 3.81
ONGC 129.10 2.95
Tata Steel 339.40 2.94
Top Losers
Company Price Change %Gain
Yes Bank 39.60 -3.30
IOC 143.40 -3.24
GAIL 124.95 -1.88
M&M 560.10 -1.05
Zee Entertain 242.50 -1.02
Company Price Change %Gain
Yes Bank 39.60 -3.30
M&M 559.80 -1.19
TCS 1,987.05 -0.87
Reliance 1,352.40 -0.73
IndusInd Bank 1,223.25 -0.46

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