September 29, 2023 / 07:29 AM IST
Market on Thursday:
The Indian equity benchmarks ended almost a percent lower on September 28, as crude prices spiked to their highest level this year, NSE indices rejig coincided with F&O expiry and weak global cues pulled the market down, wiping out Rs 2.40 lakh crore of investor wealth in a day.
The 30-pack Sensex closed 0.92 percent, or 610.37 points, down at 65,508.32, while the broader Nifty declined 192.90 points, or 0.98 percent, to 19,523.55. Market breadth favoured declined. About 1,524 shares advanced, 2,007 declined, and 136 remained unchanged.
All sectoral indices ended the the red, led by Nifty IT which slumped over 2 percent. Nifty media, Nifty FMCG, Nifty Auto and Nifty Consumer Durables fell over a percent each.
Among Nifty50 constituents, L&T was the top gainer that rose over 2 percent on positive brokerage notes and hit an all time high. Bharti Airtel, ONGC and Coal India were the other top gainers.
Tech Mahindra was the top loser, down over 4 percent. Asian Paints, which will likely see a sharp rise in raw material costs, plunged about 4 percent as well. LTIMindtree and M&M were the other top losers.
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