Sensex plunges 1,159 points amid weak global cues

The broader market also witnessed sell off. The S&P BSE Mid-Cap index fell 1.38% while the S&P BSE Small-Cap index declined 1.56%.

  • Money9
  • Updated On - October 28, 2021 / 04:51 PM IST
Sensex plunges 1,159 points amid weak global cues
Shares in Europe and Asia declined on Thursday, as investors digested corporate earnings and looked ahead to a new rate decision by the European Central Bank

Domestic equity benchmarks ended near the day’s low amid weak global cue and relentless selling pressure on Thursday. The BSE Sensex slipped below the psychological mark of 60,000 while the Nifty fell below the crucial 18,000 mark. All sectoral indices on the NSE closed in the red with realty, metal, banks and financial stocks losing the most.

Investors also squared off positions ahead of the F&O expiry later in the day. As per the provisional closing data, the S&P BSE Sensex, declined 1158.63 points or 1.89% to 59,984.70. The Nifty 50 index fell 353.70 points or 1.94% to 17,857.25. The broader market also witnessed sell off. The S&P BSE Mid-Cap index fell 1.38% while the S&P BSE Small-Cap index declined 1.56%. The market breadth was weak. On the BSE, 985 shares rose and 2295 shares fell. A total of 125 shares were unchanged.

Primary Market

The initial public offering (IPO) of Nykaa, with a price band of Rs 1,085-1,125 per share, opened for public subscription on today, 28 October 2021 and will conclude on Monday, 1 November 2021. Ahead of its IPO, Nykaa on Wednesday said it has raised Rs 2,396 crore from anchor investors. As of 15:26 IST, Nykaa IPO was subscribed 1.03 times with the retail portion fully booked with 3.02 times, NSE data showed. The portion reserved for employees has been subscribed 0.47 times and non-institutional investors (NIIs) 0.45 times.

Global Markets

Shares in Europe and Asia declined on Thursday, as investors digested corporate earnings and looked ahead to a new rate decision by the European Central Bank.

Investors also awaited the Bank of Japan’s latest monetary policy announcement on Thursday. The central bank is expected to hold steady on policy, as per reports. Japan’s retail sales fell for a second month in September as consumers limited spending amid concerns over the coronavirus pandemic. Retail sales in September slipped 0.6% from the same month a year earlier, government data showed on Thursday. It followed a 3.2% dip in August that marked the first year-on-year decline in six months.

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