Sensex down 651 points, Nifty50 ends below 17,800 points

The BSE Sensex was down 651.85 points or 1.08 percent at the close of business, reaching 59,646.15, while the Nifty50 was down 198.05 points or 1.10 percent, reaching 17,758.5.

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On the last day of the week, domestic markets broke an eight-day winning streak. The major support levels of 60,000 and 17,900 were abandoned by the main indices, the Sensex and Nifty50. At market close, almost all sectoral indices had a 1.5% closing percentage.

The BSE Sensex was down 651.85 points or 1.08 percent at the close of business, reaching 59,646.15, while the Nifty50 was down 198.05 points or 1.10 percent, reaching 17,758.5. Broader markets, such as the Nifty mid and small cap, underperformed the benchmarks today, falling by almost 1.5% and 1%, respectively.

At the close, 44 stocks were down and as many as 6 were up. Following IndusInd Bank’s roughly 4% decline in share price, Tata Motors, Bajaj Finserv, and Apollo Hospital all had declines of over 3% each. Tata Consumer, Bajaj Finance, Hero Moto, and Hindalco are all down between 2.5 and 3%.

Adani Ports shares became the biggest Nifty gainer in the otherwise negative market, up about 4.5 percent, followed by Larsen and Toubro shares, up over 2 percent in the otherwise dismal market. At the close, shares of Infosys, Bajaj Auto, TCS, and Eicher Motors all saw slight gains.