Mumbai : Sensex crashed 600 points on Wednesday, it touched a high of 40,664.35 and registered a low of 39,774.60, however, it finally settled at 39,922.46.
Nifty plunged 159,80 points or 1.34 per cent to 11,729.60.
The Market trend would continue to remain volatile due to global hues as investors the world over are cautious because of rising Corona cases all over and uncertainties over US elections, say experts.
Financials and RIL lead the Market fall as 25 of the 30 Sensex stocks ended in the red.
The Key contributors to the Index were HDFC, HDFC Bank, ICICI Bank, RIL, Infosys.
Among the top Index gainers were Airtel (3.39 per cent), M&M(1.18 per cent), L& T (0.53 per cent).
Among the top Index losers were HDFC (3.39 per cent), IndusInd Bank (3.03 per cent).
In terms of volume the toppers were RIL, IndusInd Bank, Infosys, Airtel and HDFC.
All the sectoral indices except Telecom and Capital goods ended the day in the red.
S&P BSE Telecom was biggest sectoral gainer scaling 2.90 upwards while S&P BSE Bankex was the biggest sectoral loser going down by 2.28 per cent.
Investors lost over Rs one lakh crore in wealth, with 77 stocks falling between 5 per cent and 15 per cent, Three toppers RIL, TCS and HDFC Bank together shed Rs 34,500 crore in market value.
Altogether 31 stocks including SBI, ICICI Bank and HSFC Bank gave signals on MACD suggesting bearish trend in the coming days. Nineteen stocks went into oversold zones as suggested by RSI indicator. 122 other stocks went below their three-week simple moving averages.
Nifty showed total bear grip on the market. It started on a positive note wednesday but fell down during the day to register 11,729.60 at close. The trade appeared positive Marico, Siemens, Adani Enterprises, L&T, Havells and Maruti but weak in DLF, Mindtree, Indiabulls Housing, Federal Bank, IndusInd Bank, IndiGo, SBI, Lupin, Sun Pharma and UBL
