Sensex plunges 500 points; IDBI gains 10 per cent, Adani Transmission jumps 6 per cent, HUDCO declines

On Friday, bears returned to D-Street as the domestic benchmark indices tumbled during the post-lunch session, ending far away from their respective intraday highs. Sensex declined by around 487.43 points or by 0.95 per cent to settle at 50,792.08 levels while Nifty dragged by 143.85 points or by 0.95 per cent to close at 15030.95 levels.

Investor sentiments turned sour during the second half of today's trading session on the rising US bond yields and increasing COVID-19 cases in India, leading to lockdown in some places. A broad sell-off in the domestic equity markets and weaker European markets further dragged the benchmark indices on Friday. 

In the global markets, Shanghai Composite index, Nikkei, and KOSPI inched higher by 0.47 per cent, 1.73 per cent and 1.35 per cent, respectively whereas, Hang Seng plunged 2.20 per cent. In the European markets, FTSE 100, DAX, and CAC 40 were trading in red, down by 0.32 per cent, 0.70 per cent, and 0.23 per cent, respectively. 

Sensex gainers included Power Grid that jumped 2.28 per cent, Titan Company rose by 0.76 per cent, ONGC increased by 0.52 per cent while Infosys went up by 0.48 per cent.                                                                  

Sensex draggers were made up of Bajaj Auto that plunged 3.10 per cent, Maruti Suzuki slipped by 2.40 per cent, ICICI Bank slumped 2.06 per cent, Sun Pharmaceutical Industries fell by 2.04 per cent, RIL went down by 1.97 per cent, UltraTech Cement declined by 1.88 per cent, SBI inched lower by 1.63 per cent, etc. 

Amongst sectoral indices on BSE, the Utilities index was the biggest gainer, up by 1.33 per cent whereas the auto index was the biggest loser, declining by 1.60 per cent. In the broader markets, BSE Small-Cap index closed in green, up by 0.14 per cent while BSE Mid-Cap index declined by 0.45 per cent.