Share market HIGHLIGHTS: Sensex and Nifty — the benchmark indices of the domestic equity markets — closed Thursday’s trade on a negative note as a global market rout, along with derivatives expiry, spooked investors. The BSE Sensex fell to its lowest level in over six months, dropping below the 33,700-level for the first time since April. The NSE Nifty slipped below the 10,100 mark for the first time in nearly seven months.
The BSE Sensex closed Thursday’s trade lower by 343.87 points or 1.01% at 33,690.09 points. Index heavyweights HDFC, Reliance Industries, HDFC Bank, Bharti Airtel, SBI, ICICI Bank, LT, Sun Pharma and Vedanta wiped off nearly 300 points from the headline index. The BSE market breadth was bearish, with 1,569 declines and 937 advances. The BSE mid-cap index closed 0.58% and the small-cap index ended 0.98% lower. Bharti Airel was the top index loser, closing nearly 7% lower.
The NSE Nifty closed October series 99.85 points or 0.98% lower at 10,124.90 points. The Nifty Bank index closed Thursday’s trade 0.98% lower. All the sectoral indices, barring the IT index, closed in the red on the National Stock Exchange. Among major Nifty companies, India’s largest car manufacturer Maruti Suzuki India reported Q2 results above street expectations as net profit came in at Rs 2,240 crore, down by 9.8% on year. JSW Steel reported a net profit of Rs 2,087 crore year-on-year.Yes Bank and Bharti Airtel are expected to declare their Q2 results after market hours.