Sensex down 495 pts; Nifty settles below 24,800; banking, auto stocks drag
NSE Nifty hit a two-month low during the session.
The 30-share BSE Sensex fell by 495 points, or 0.61%, to close at 81,006, while the broader NSE Nifty slipped 221 points, or 0.89%, ending at 24,749.8.
The market capitalisation of all listed companies on the BSE also took a hit, declining by Rs 6.03 lakh crore to Rs 457.26 lakh crore.
From the Nifty stocks, Bajaj Auto, Shriram Finance, M&M, Nestle India, and Hero MotoCorp closed in the red, while Infosys, Tech Mahindra, Power Grid, L&T, and SBI closed higher.
Bajaj Auto shares closed over 13% lower after the company said it expects festive season sales growth of just 3% to 5%, well below expectation of at least 8%.
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