Sensex Plummets 793 Points, Nifty Slumps Below 11,600 Mark

Daily market update for 8 July. Markets opened lower in the second straight trading session.

File photo of Bombay Stock Exchange (BSE) building in Mumbai.

(Photo: Reuters).

Domestic equity benchmark BSE Sensex plummeted over 792.82 points to close at 38,720.57, down by 2.01 percent, on Monday, 8 July.

Earlier during the day, Sensex fell by over 900 points in late afternoon trade, dragged by losses in index heavyweights HDFC Bank, L&T and Bajaj Finance, amid heavy selloff in global equities.

Similarly, the broader Nifty sank 252.55 points, or 2.14 percent, to close at 11,558.60.

Top losers in the Sensex pack included Bajaj Finance, ONGC, Hero MotoCorp, Maruti, L&T, NTPC, SBI, Tata Motors and Axis Bank, cracking up to 9 percent.

The markets earlier opened lower, extending their decline for the second consecutive trading session.

The S&P BSE Sensex fell as much as 435 points or 1.1 percent to 39,078.16 points while the NSE Nifty 50 fell as much as 1.09 percent to 11,682.90 upon opening, while the broader market index, represented by the NSE Nifty 500 Index fell as much as 0.98 percent.

The market breadth was tilted in favour of sellers. About 1,09 stocks declines and 370 shares advanced on the National Stock Exchange.

(With inputs from BloombergQuint, Business Standard and PTI)