Sensex crashes over 1,150 points, Nifty barely holds 15,800 mark
What's the story
The stock market on Thursday continued the losing streak for the fifth day in a row as the Sensex slid 1,158.08 points to 52,930.31 points while the Nifty shed 359.1 points to 15,808 points. The midcap indices reflected the broader market trend as the Nifty Midcap 50 dropped 182.45 points, or 2.49%, to 7,317.05 points. Read on for more details on Thursday's market report.
Round-up
Who were the biggest gainers and losers Thursday?
The Wipro stock has risen by 0.4%, emerging as the top gaining stock of the market on Thursday. Coming to the major losing sectors, NIFTY PSU BANK, NIFTY METAL, and NIFTY PVT BANK emerged as the biggest losers, plunging 5.69%, 3.84%, and 3.63%, respectively. Adani Ports, IndusInd Bank, and Tata Steel lead the negative pack, plummeting 6.13%, 5.79%, and 4.12%, respectively.
Information
Take a look at the global markets
Moving on to the Asian markets, the Shanghai Composite Index, the Hang Seng Index, and the Nikkei plunged 0.12%, 2.24%, and 1.77% to 3,054.99 points, 19,380.34 points, and 25,748.72 points, respectively. In the US, NASDAQ witnessed a steep decline, edging 3.18% lower to 11,364.24 points.
Commodities
INR slips by 0.23% against the US Dollar
On Thursday, the Indian rupee (INR) declined 0.23% against the US Dollar to end at Rs. 77.42 in the forex trade. The prices of both gold and silver futures witnessed a decline, with the former slipping 0.26% and the latter shedding 1.11% to settle at Rs. 50,688 and Rs. 60,080, respectively. On the other hand, the crude oil futures slipped 1.41% to $103.85/barrel.