Tuesday, 1 September 2015

Sensex Cracks 587 Pts, Nifty Ends At 7786; Banks Bleed

Posted by suhani varma on Tuesday, September 01, 2015 with No comments

The market ended with severe cuts dragged sharply by banks. The Sensex dived 586.65 points or 2.2 percent at 25696.44, and the Nifty slipped 185.45 points or 2.3 percent at 7785.85. About 620 shares advanced, 2064 shares declined, and 100 shares were unchanged. Bank Nifty fell 3.7 percent while Auto index was down 2.5 percent from previous close. Hindalco, Axis Bank, Vedanta, M&M and Tata Steel were major laggards. Sun Pharma was the only green stock in the Sensex.

The Sensex plunged 649.19 points or 2.47 percent to 25633.90 and the Nifty dropped 204.85 points or 2.57 percent to 7766.45. About 478 shares have advanced, 2133 shares declined, and 97 shares are unchanged on the BSE.

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