Benchmark indices plunged over a percent today, dragged by index heavyweight stocks. Negative sentiments in few Asian markets after the Bank of Japan’s decision to hike interest rates after 17 years also dampened investors sentiments in domestic market. Investors also maintained caution in anticipation of tomorrow’s outcome from the US Fed meeting.
The 30-share Sensex plunged 736 points or 1.01 percent to close at 72,012 and NSE Nifty declined 238 points or 1.08 percent to settle at 21,817.
Among Sensex firms, IT major TCS cracks four percent. Nestle India, IndusInd Bank and Wipro declined over three percent.
On the other hand, Bajaj Finance rose one percent. Kotak Mahindra Bank and ICICI Bank were among other gainers.
In the broader market, the BSE midcap index declined 1.36 percent while the smallcap index slipped by 1.04 percent.
In the sectoral indices at the BSE, the Information Technology sector fell 2.66 percent, Teck index declined 2.36 percent and FMCG sector slipped 2.11 percent.
