The equity benchmark Sensex plunged 740 points on Thursday, surrounded by losses at index majors Reliance Industries, Infosys and HDFC Bank as monthly derivatives expired amid weak signals from global markets. The 30-share BSE index closed down 740.19 points or 1.51 percent at 48,440.12 and the broader NSE Nifty was down 224.50 points or 1.54 percent at 14,324.90.
Maruti topped the Sensex, hovering around 4 percent, followed by Bharti Airtel, HUL, NTPC, Bajaj Finance, UltraTech Cement, ONGC, and Reliance Industries. On the other hand, Drs. Reddy’s was the beneficiary of ICICI Bank, L&T, and HDFC. “Despite favorable signals from Asian markets, domestic stock markets declined for the third consecutive day. COVID-19 The cases have clearly influenced the sentiments of investors, ”Binod Modi, Head – Strategy at Reliance Securities.