BSE Sensex closed 555.15 points or 0.93% lower at 59,189.73; NSE Nifty fell 176.30 points or 0.99% to 17,646
Equity benchmark Sensex fell 555 points on October 6, following losses in major indices Reliance Industries, Infosys and ICICI Bank amid selling in global markets.
The 30-share BSE index ended 555.15 points or 0.93% lower at 59,189.73. Similarly, the broader NSE Nifty fell 176.30 points, or 0.99%, to 17,646.
IndusInd Bank was the top laggard in the Sensex pack, falling over 3%, followed by Tata Steel, Bajaj Auto, HCL Tech, Sun Pharma and Tech Mahindra.
On the other hand, HDFC Twins and Bajaj Finance were among the gainers.
Vinod Nair, Head of Research, Geojit Financial Services, said, “Weak global markets led to profit-booking in metals and IT stocks, with domestic indices trading in the red, reducing its early gains.”
He said the rise in crude oil prices is shaking the Indian market while inflation is affecting US bond yields.
Besides, RBI has started its three-day MPC meeting in which the central bank is expected to keep rates unchanged. However, it is likely to announce measures to gradually draw out liquidity from the economy, Nair said.
Elsewhere in Asia, shares in Hong Kong, Seoul and Tokyo ended with significant losses. Shanghai was closed for the holidays.
European shares were also trading with heavy losses in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 1.14% to $82.19 a barrel.
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