Closing bell: Barometer indices witness a big decline with bank, IT, and energy companies taking the majority of losses

BSE Sensex closed with a huge fall of 1,016 points at 54,303 levels.

On Friday, the Indian stock market sank more than a per cent due to negative global indications ahead of the FOMC meeting. Only the telecom sector on Sensex ended in the green out of all the other sectors. Fitch Ratings has upgraded India's long-term foreign-currency issuer default rating (IDR) from 'negative' to 'stable’ and confirmed the rating at 'BBB-.'  

The stock of Oriental Aromatics rose 10.83 per cent to Rs 583.15 after the business announced that its projected Mahad Greenfield Project had got environmental approval. Transformers & Rectifiers (India) Ltd rose 8.40 per cent to Rs 31.60 after the business announced that it had received transformer orders worth Rs 186 crore from one of the state utilities. IIFL Finance jumped 6.38 per cent to Rs 350 after a wholly-owned arm of Abu Dhabi Investment Authority (ADIA) invested Rs 2,200 crore for a 20 per cent stake in IIFL Home Finance.  

BSE Sensex closed with a huge fall of 1,016 points at 54,303 levels. BSE Midcap index sank 144 points to end the day at 22,490 levels. BSE Smallcap index too plunged 181 points to close at 25,857 levels. The Top Gainers on Sensex today were Asian Paints, UltraTech Cement, Dr Reddy’s Laboratories, Titan, and Induslnd Bank. However, the Top Losers were Kotak Mahindra Bank, Bajaj Finance, HDFC, Reliance Industries, and Wipro.  

Nifty 50 also ended in one of the worst falls of 276 points to close at 16,201 levels. Similarly, Bank Nifty nosedived 601 points and closed the day at 34,483 levels. The top gainers on the index were Grasim Industries, Apollo Hospitals, Asian Paints, Divi’s Laboratories, and Dr Reddy’s Laboratories. The top losers were Bajaj Finance, Kotak Mahindra Bank, HDFC, Hindalco Industries, and Reliance Industries.  

The total stocks traded today were 3,429, out of which, 1,308 advanced and 2,002 stocks declined. There were 119 stocks that were unchanged. The number of stocks that were locked in the upper circuit was 201 while 159 stocks hit their lower circuits today. The number of stocks that hit a new 52-week high is 64 while 62 stocks made a fresh 52-week low today.