sensex today: Sensex dives 938 points amid selloff across all sectors; Nifty ends at 13,968 – Times of India

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NEW DELHI: Equity indices fell on Wednesday with the benchmark BSE sensex falling over 900 points, dragged by banking and monetary shares.
The 30-share BSE index plunged 938 points or 1.94 per cent to complete at 47,410; whereas the broader NSE Nifty settled 271 points or 1.91 per cent decrease at 13,968.
Axis Bank, Titan, IndusInd Bank, HDFC Bank Dr Reddy’s, HDFC and Asian Paints had been the highest losers within the sensex pack falling as much as 4.05 per cent.
While Tech Mahindra, ITC, PowerGrid and Ultra Cemco had been the highest gainers rising as much as 2.57 per cent.
Shares of Reliance Industries slipped as a lot as 2.29% to an over one-month low of Rs 1,895 after US e-commerce big Amazon sought to dam Future Group’s $3.4 billion retail asset sale to the conglomerate, making it the highest drag on Nifty.
Amazon requested an Indian courtroom to implement a Singapore arbitrator’s order that Reliance’s take care of the Future Group be placed on maintain, Reuters reported on Monday.

Future Retail’s shares fell 5% on the information, after Amazon.com additionally referred to as for Future Group’s chief government officer to be detained.
“There is some overhang in the markets due to negative global cues and some nervousness ahead of the budget because of which people are lightening their positions” Siddhartha Khemka, head of retail analysis at Motilal Oswal Securities in Mumbai, informed information company Reuters.
Analysts additionally stated that buyers have most well-liked taking earnings off the desk forward of the Union Budget and F&O expiry.
Adding to the strain, Asian shares additionally slipped as buyers seemed to the Federal Reserve’s steerage on financial coverage.
Shares of Kotak Mahindra Bank slipped 1.58%, after JP Morgan downgraded the inventory because the lender reported quarterly outcomes under expectations.
Meanwhile, international buyers offered equities price Rs 765.30 crore on a internet foundation within the Indian capital market on Monday, alternate information confirmed.
(With inputs from companies)



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