Bloodbath on D-Street: Indices Plunge Over 1% as Selling Frenzy Sweeps Across Sectors

13 Mar 2024 , 03:46 PM

The Indian equity market concluded on a weak note, with the Nifty closing below the 22,000 mark amidst widespread selling across various sectors.

At the close, the Sensex recorded a decline of 906.07 points or 1.23%, settling at 72,761.89, while the Nifty witnessed a decrease of 338.00 points or 1.51%, ending at 21,997.70. Market activity depicted 290 shares advancing, 3,202 declining, and 38 remaining unchanged.

Among the top losers on the Nifty were Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation, and NTPC, while notable gainers included ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank, and ICICI Bank.

All sectoral indices, without exception, concluded in negative territory, with the Realty, Media, PSU Bank, Telecom, Power, Oil & Gas, and Metals sectors witnessing declines ranging between 4% to 6%.

Furthermore, the BSE Midcap and Smallcap indices experienced declines of 4% to 5%, underscoring the broad-based nature of the market downturn.