Sensex Falls 300 Points, Nifty Settles Above 11,900


The Sensex plunged on Friday after it reached a record-breaking mark of 40,654 on Thursday. The Sensex dropped 330 points to close at 40,324, and the Nifty fell 104 points to settle at 11,908. Eighty of Eleven sector indices compiled by the National Stock Exchange were at the losing end in today’s trading session. Nifty Pharma lost 2.2 percent, while Nifty IT, Nifty Metal, Nifty FMCG, and Nifty PSU Bank also plunged by 1.5 to 1.9 percent each.

Nifty Realty index was top gainer after the government announced an Rs. 25,000 crore Alternative Investment Fund (AIF) on Wednesday.

In Individual stocks, Yes Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, Tech Mahindra, and Zee Entertainment were top gainers in today’s trading session. Bharti Infratel, GAIL India, UPL, Vedanta, Sun Pharma, ONGC, Tata Consultancy Services (TCS), and Hindustan Unilever were top losers.

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