Bloodbath at D-Street on Wednesday. The two key equity benchmarks, Sensex and Nifty, plunged sharply following weak global sentiment and hammering of bank stocks. The S&P BSE Sensex tanked 1,628 points to end at 71,501. On the other hand, the NSE Nifty50 closed at 21,572, down 460 points.
On the 30-share Sensex platform, HDFC Bank was the prime loser, down 8.46 per cent. Tata Steel, Kotak Bank, Axis Bank, ICICI Bank, JSW Steel emerged losers. On the flip side, HCLTech, TCS, Infosys, TechM, Nestle, and PowerGrid were the only gainers.
In the broader market, BSE Midcap and Smallcap indices declined 1 per cent each.
Volatility gauge, India VIX, soared over 11 per cent.
Sectorwise, except Information Technology, all other indices settled in the red. Nifty Bank, Financial Services, and Private Bank indices declined over 4 per cent each. Auto, metal, oil & gas realty sank 1-2 per cent.
In the previous session on Tuesday, the BSE Sensex dropped 199 points to 73,129. On the other hand, the NSE Nifty50 settled at 22,032, down, 65 points.