CLOSING BELL: Sensex Tanks 360 Points, Nifty Below 17K. IT, Banks Among Top Losers

At close, BSE Sensex was trading 360.95 points down at 57,628.95 and Nifty50 was trading 111.65 points down at 16,988.40

New Delhi: Indian indices opened lower on Monday amid weakness in Asian peers after US markets slumped on Friday. The ongoing scare in global financial markets following the collapse of 2 US banks and another European bank last week has put traders in a spot. While Sensex rose to a level of 57,829.23, it also dipped as low as 57,084.91 during the day’s trade. Nifty, on the other hand, touched a high of 17,066.60 and hit a low of 16,828.35 during the day’s trade.

At close, BSE Sensex was trading 360.95 points down at 57,628.95 and Nifty50 was trading 111.65 points down at 16,988.40

“Amidst persistent fears over the global banking crisis, the benchmark Nifty tumbled in today’s trade, and the negative takeaway was that the benchmark ended below the psychological 17000 mark. However, markets trimmed some of its losses on two big positive catalysts; Fed’s likely dovish stance, and WTI oil sluggish at $68 a barrel. Technically, Nifty would find strength only above the 200-DMA at 17455 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

SENSEX TOP GAINERS

• HUL: 2.45 per cent
• ITC: 0.80 per cent
• Kotak Bank: 0.54 per cent
• Sun Pharma: 0.37 per cent
• NestleInd: 0.30 per cent

SENSEX TOP LOSERS

• Bajaj Finserv: -4.25 per cent
• Bajaj Finance: -3.18 per cent
• Wipro: -2.46 per cent
• Tata Steel: -2.38 per cent
• Tata Motors: -1.96 per cent
• SBIN: -1.91 per cent

NIFTY TOP GAINERS

• HUL: 2.51 per cent
• BPCL: 2.22 per cent
• ITC: 0.85 per cent
• Grasim: 0.61 per cent
• Kotak Bank: 0.39 per cent
• Divislab: 0.38 per cent
• Sun Pharma: 0.37 per cent

NIFTY TOP LOSERS

• Bajaj Finserv: -4.21 per cent
• Adani Enterprises: -3.44 per cent
• Bajaj Finance: -2.97 per cent
• Hindalco: -2.63 per cent
• Tata Steel: -2.34 per cent
• Wipro: -2.16 per cent
• Coal India: -2.10 per cent