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Sensex Turns Negative, Cracks Over 200 Points After Pakistan Violates Indian Air Space

Major losers include Vedanta, Tata Motors, HDFC, Kotak Bank, Infosys, Tata Steel, Yes Bank, Maruti Suzuki and RIL, falling up to 2.56 per cent. Most of the BSE sectoral indices too turned negative.

PTI

Updated:February 28, 2019, 11:42 AM IST
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Sensex Turns Negative, Cracks Over 200 Points After Pakistan Violates Indian Air Space
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Mumbai: The benchmark BSE Sensex gave up all early gains and fell over 200 points in afternoon trade on Wednesday on widespread selling after Pakistani fighter jets violated Indian air space in Jammu and Kashmir.

After dropping 238 points, the Sensex was trading 161.74 points, or 0.46 per cent, down at 35,811.97 after hitting a low of 35,735.33. The gauge rallied nearly 400 points in morning trade. The 50-share Nifty also fell 62.55 points, or 0.58 per cent, to 10,772.75.

According to brokers, investor sentiment took a beating after Pakistan claimed that it shot down two Indian military aircraft over Pakistani air space and arrested one of the pilots. The Pakistani fighter jets on Wednesday violated Indian air space in Jammu and Kashmir's Poonch and Nowshera sectors.

Major losers include Vedanta, Tata Motors, HDFC, Kotak Bank, Infosys, Tata Steel, Yes Bank, Maruti Suzuki and RIL, falling up to 2.56 per cent. Most of the BSE sectoral indices too turned negative.
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HDFC Bank 2,276.15 -0.99
Reliance 1,341.75 -2.45
Maruti Suzuki 6,552.70 -1.81
Yes Bank 252.60 0.18
Axis Bank 757.05 0.17
Company Price Change %Gain
UPL 934.00 -0.08
Axis Bank 757.35 0.24
Cipla 526.85 -1.17
Motherson Sumi 146.05 -7.06
SpiceJet 98.10 7.04
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Company Price Change %Gain
NTPC 134.65 4.18
Larsen 1,394.70 1.74
JSW Steel 285.75 1.22
Asian Paints 1,471.25 1.04
Hindalco 209.10 0.94
Company Price Change %Gain
NTPC 134.05 3.67
Larsen 1,394.00 1.54
Asian Paints 1,470.70 1.08
Tata Steel 518.15 0.90
Power Grid Corp 198.50 0.53
Top Losers
Company Price Change %Gain
Bharti Infratel 316.10 -2.75
Tata Motors 175.40 -2.66
BPCL 378.95 -2.62
HPCL 268.35 -2.45
Reliance 1,341.75 -2.45
Company Price Change %Gain
Tata Motors 175.40 -2.47
Reliance 1,342.10 -2.44
Maruti Suzuki 6,558.00 -1.84
SBI 298.10 -1.76
Bajaj Finance 2,836.85 -1.23

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