September 21, 2023 / 07:42 AM IST

Market on Wednesday: Bloodbath on D-Street as Sensex down 796 points, Nifty settles near 19,900

The Indian equity indices ended lower for the second consecutive session on September 20 with Nifty falling below 19,900 amid selling in heavyweights and across the sectors, barring power stocks.

At close, the Sensex was down 796 points or 1.18 percent at 66,800.84, and the Nifty was down 231.90 points or 1.15 percent at 19,901.40.

After a gap-down start, market remained under selling pressure and extended the losses as the day progress, to end near day's low.

BSE Sensex and Nifty50 indices touched the day's low of 66,728.14 and 19,878.85, respectively.

The fall eroded investors' wealth by Rs 2.25 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 320.75 lakh crore from Rs 323 lakh crore in the previous session.

Biggest losers on the Nifty were HDFC Bank, JSW Steel, Reliance Industries, BPCL and SBI Life Insurance, while gainers included Power Grid Corporation, Coal India, ONGC, Sun Pharma and Eicher Motors.

Amongst sectors, except power, all other sectoral indices ended in the red with bank, metal and realty down one percent each.

The BSE midcap index shed 0.30 percent and Smallcap index declined 0.5 percent.