Carnage on Dalal Street: Sensex plummets 1000 points, Nifty slips to 10,800

The BSE Sensex tanked nearly 1,100 points in the afternoon trade after Fed officials suggested the US economy was worse than the market was pricing in.

Written by September 24, 2020 15:40
equity

New Delhi: It is a bloodbath on the Dalal Street. The key benchmark indices have taken a deep dive with Sensex and Nifty both registering one of the biggest falls in a day. This has robbed the investors of lakhs of crores.

The BSE Sensex tanked nearly 1,100 points in the afternoon trade after Fed officials suggested the US economy was worse than the market was pricing in.

Sensex

At 2.40 pm, BSE flagship Sensex was down 1007 points at 36,660 while NSE benchmark Nifty tanked 265 points to 10,867, sliding below the 11,000 level for the first time since August 4. All sectors saw a massive selloff.

Other indices also suffered losses. Gold and silver also witnessed slide in the trade.

Hindustan Unilever was the only stock that was seen trading in the green. IT majors including Infosys and Tata Consultancy Services (TCS) contributed the most to the benchmark’s decline as they dropped 4.58% and 6.41% respectively.