Closing Bell: Sharp selloff in last hour drags D-Street, Sensex ends nearly 300 points lower; Nifty gives up 11,300

Stock Market News and Tips

Market Live: Selling on D-Street, Sensex declines over 300 points, Nifty well below 11,300

Stock Market News and Tips

At the close of market hours, the Sensex ended lower by 294.84 points or 0.78% at 37290.67, while the Nifty fell 98.90 points or 0.87% at 11278.90. The market breadth is negative as 879 shares advanced, against a decline of 1,775 shares, while 178 shares were unchanged.

Shares of Hindustan Unilever and Yes Bank were the top gainers, while State Bank of India, Tata Motors, and Indiabulls Housing lost the most.  

Banks, automobiles, IT, and metal names are taking a hit, while pharmaceuticals are trading higher. The midcap index is down over half a percent.

Rupee Update: Indian rupee slipped to a day's low at 72.64 per dollar after it saw some recovery in the morning trade.

Source:- Money Bhaskar