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Indices closed near day’s low ; nifty metal index crashed 7%, PSU bank 4%

September 20, 2021 04:39 PM

nifty metal index crashed 7%, PSU bank 4%
Nifty Metal dropped the most followed by the Nifty PSU Bank index, down 6.6 per cent and 4.18 per cent, respectively.

Both Sensex and Nifty closed the market in near day’s low. The BSE Sensex down 525 points to end at 58,491 while the NSE Nifty closed the day at 17,397, down by 188 points. Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial stocks.

Sector wise the Nifty FMCG index were closed in green and remaining all indices ended in the red. Nifty Metal dropped the most followed by the Nifty PSU Bank index, down 6.6 per cent and 4.18 per cent, respectively. Nifty Realty, Bank, Pharma also tanked nearly 2 per cent each. The BSE midcap and small-cap indices fell nearly 2 percent each.

Also Read :Nifty Metal index slips over 4%; Tata Steel, Hindalco, JSPL plunge over 5%

The fall in broader markets was more pronounced as the BSE Midcap index plunged 1.84 per cent and the BSE Smallcap 1.8 per cent.

Tata Steel, JSW Steel, Hindalco Industries, UPL and SBI were the top Nifty losers. HUL, ITC, Bajaj Finserv, HCL Technologies and Britannia Industries were among the top gainers.

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