Sensex falls from a record high to close 695 points lower, Nifty slips to 12,858.40

Mumbai : The 30-pack Sensex touched a high of 44,825.37 and a low of 43,757.97 to finally settle at 43,828.10.

Nifty50 slipped 197 points or 1.51 per cent to 12,858.40 level.

The sudden fall in markets was due to weakness in Asian Markets and increased nervousness

among investors as indicated by the volatility factor. The market rally in the past few days which was led by developments on vaccine and FPI inflows stopped on Thursday due to profit booking in the second half of the session.

Banks and RIL led the market fall. 28 of 30 Sensex stocks ended the day in the red.

The index contributors were HDFC Bank, Infosys, Kotak Bank, Axis Bank and RIL.

Among the top Index gainers were ONGC (6.11 per cent), Power Grid (0.11 per cent).

Among the top Index losers were Axis Bank (3.48 per cent), Kotak Bank (2.94 per cent), Sun Pharma (2.58 per cent).

All the BSE Sectoral indices except Oil and Gas ended the day in the red.

S&P BSE Oil and Gas was the biggest sectoral gainer, up 0.11 per cent.

S&P BSE Telecom was the biggest sectoral loser, down 2.20 per cent.

Among the volume toppers were RIL, Bajaj Fin, ICICI Bank, SBI, IndusInd Bank.

Stock investors wealth, as indicated by BSE Market Capitalization Data, fell Rs 2.26 lakh crore for the day to Rs 172.55 lakh crore from Rs 174.81 lakh crore.

HDFC Bank lost Rs 19,818 crore in Market value while RIL lost Rs 11,732 crore. 

TCS witnessed M-cap erosion of 8030 crore to total market value.

The BSE Bank index fell 2 per cent while BSE IT Index declined 1.6 per cent.

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