Domestic benchmark indices fell on Friday amid an increase in interest rates in the United States and China recording its weakest economic growth since the 2008 global financial crisis, reported Mint. The BSE Sensex plunged over 463 points to end at 34,315 while National Stock Exchange Nifty tanked 149.50 points to 10,303.55.
Markets were closed on Thursday due to Dussehra. The Sensex fell over 639 points and Nifty 50 fell more than 200 points during the intraday trade.
Stocks of Yes Bank suffered after the Reserve Bank of India turned down the lender’s request to extend Managing Director and Chief Executive Officer Rana Kapoor’s term. The shares of Yes Bank dropped to Rs 220 apiece, falling nearly 5.1%.
Stocks of Sun Pharma, Kotak Mahindra, Vedanta, Adani Ports and Hindustan Unilever were the top performers on Sensex. On Nifty 50, ITC Limited, Hindustan Unilever, Kotak Mahindra, Hindustan Petroleum and Wipro were the top gainers.
Besides Yes Bank, stocks of HDFC, Reliance, Hero Motorcorp and Infosys were the top losers on Sensex, and on Nifty 50 Indiabulls Housing Limited, Bajaj Finance, Hero Motorcorp and Bharat Petroleum Corporation Limited performed the worst.
China’s Shanghai SE Composite Index surged 2.58% to close at 2,550 and Hong Kong’s Hang Seng rose 106 points to close at 25,561. Japan’s Nikkei 225 fell 0.56% to end at 22,532 and Taiwan’s TSEC 50 Index at 9,919, down by 0.35%.
The rupee continued its slide on Friday, opening at 73.64 against the dollar due to increased demand for the American currency from importers, PTI reported. At 4.20 pm, the rupee was at 73.40, falling 19 paise.
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