Sensex, Nifty tumble; Bharti Airtel rises by 4.26 per cent, IndusInd Bank falls by 3.26 per cent

On Wednesday, the domestic benchmark indices witnessed a sharp decline as Sensex fell by 599.64 points or 1.48 per cent to close at 39,922.46 levels while Nifty ended at 11,729.60 levels, down by 159.80 points or 1.34 per cent.

In today’s trading session, telecom stocks were the major gainers while banking & finance stocks became the major losers.

In the global markets, Asian indices such as Shanghai index and KOSPI rose by 0.46 per cent and 0.62 per cent, respectively whereas Nikkei and Hang Seng were down by 0.29 per cent and 0.32 per cent, respectively.

In the European markets, FTSE 100, DAX, and CAC 40 fell by 1.40 per cent, 3.28 per cent, and 3.01 per cent, respectively.

Sensex gainers included Bharti Airtel that went up by 4.26 per cent, Mahindra & Mahindra jumped 1.17 per cent, L&T gained by 0.33 per cent, Maruti Suzuki rose by 0.12 per cent, etc.

Sensex draggers consisted of IndusInd Bank that went down by 3.45 per cent, HDFC plunged 3.44 per cent, ICICI Bank fell by 3.34 per cent, Tech Mahindra declined by 3 per cent, Bajaj Finance decreased by 2.41 per cent.

Amongst sectoral indices on BSE, the Bankex & finance indices were the biggest losers, down by 2.28 per cent and 2.25 per cent, respectively, followed by the metal and realty indices that declined by 2.15 per cent and 1.98 per cent, respectively. In line with this, the energy, FMCG, and IT index also weakened by 1.05 per cent, 0.71 per cent, and 1.15 per cent, respectively.

Meanwhile, the telecom index was the major gaining index amongst all the sectoral indices on BSE, which went up by 2.90 per cent.

Besides, BSE Mid-Cap Index declined by 0.93 per cent while BSE Small-Cap Index slid by 0.76 per cent.