Sensex drops 1,114.82 points; Nifty tanks 326.30 points to 10,805.55
Sensex tanked 1,114.82 points on Thursday to close at 36,553.60. While the NSE Nifty dropped 326.30 points to 10,805.55.
It was the highest single-day slump since May 4 as foreign investors sold shares at the fastest pace in about three weeks. On May 4, the equities had plunged over 2,000 points.
Barring Hindustan Unilever, which inched up 0.36 per cent, all Sensex components ended in the red on Thursday.
IndusInd Bank was the top laggard, tumbling over 7 per cent, followed by Bajaj Finance, M&M, Tech Mahindra, TCS and Tata Steel.
Growing concerns over economic recovery and lack of fresh stimulus by central banks led to the global market selloff. Fears of a second wave of Covid-19 cases in many economies also weighed on sentiment, news agency PTI reported citing traders.
(With agency inputs)