Nifty settled with losses on Wednesday, September 20, extending the decline into the second consecutive session amid mixed global cues ahead of the US Fed policy outcome. US bond yields surging to 16-year high levels and fears of high crude oil prices fueling commodity inflation also hit the investor sentiment, according to analysts.
Market benchmarks suffered strong losses and a majority of their components ended in the red. Sensex plunged 869 points to hit the intraday low of 66,728.14 during the session while the Nifty fell 254 points to touch its intraday low of 19,878.85.
Sensex closed with a loss of 796 points, or 1.18 per cent, at 66,800.84 while the Nifty ended below the 20,000 mark at 19,901.40, down 232 points, or 1.15 per cent. Top gainers: Power Grid Corporation (2.32%), Asian Paints (0.61%), Sun Pharmaceuticals (0.45%), ITC (0.24%), and Axis Bank (0.22%) Top losers: HDFC Bank (-4%), JSW Steel (-2.60%), Reliance Industries (-2.21%), UltraTech Cement (-1.94%), and Maruti Suzuki (-1.65%) Top gainers: Power Grid Corporation (2.35%), Coal India (1.12%), Oil and Natural Gas Corp (ONGC) (0.75%), Asian Paints (0.57%), and Sun Pharmaceuticals (0.44%) Top losers: HDFC Bank (-3.87%), JSW Steel (-2.70%), Reliance Industries (-2.29%), Bharat Petroleum Corp Ltd (BPCL) (-2.07%), and UltraTech Cement (-2.06%) THIS COPY IS BEING UPDATEDGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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