Global cues see Sensex tumble 690 points; IT, auto worst hit

Global cues see Sensex tumble 690 points; IT, auto worst hit
  • 1

Mumbai, Dec 21: Weak global cues and across-the-board selling saw benchmark indices crashing nearly 2 per cent on Friday. The S&P BSE Sensex tumbled points or 1.89 per cent to settle at 35,742. Out of 30 constituents on the index, 27 ended in the red and just three in the green. Heavyweights RIL, Infosys, TCS and HDFC Bank were the major contributors to the Sensex’s decline. The broader Nifty50 index of the National Stock Exchange lost 198 points or 1.81 per cent to close the session at 10,754. Volatility benchmark India VIX jumped nearly 12 per cent to 15.99, indicating increase in volatility in the market.
As many as 40 stocks hit 52-week lows on NSE. The list includes names such as BSE, DSM Ltd and Khadim’s India. On the other hand, 8 counters hit one-year high.
In the broader market, the S&P BSE Midcap Index slid 276 points or 1.79 per cent to 15,253 while the S&P BSE SmallCap ended at 14,634, down 148 points or 1 per cent.
NDTV, Bata outperform
Among individual stocks, shares of NDTV were locked in the upper circuit limit of 10 per cent at Rs 39.25 on the BSE, with only buyers being seen on the counter, after the company and Taboola, the world’s largest content platform, signed a five-year exclusive deal worth more than Rs 3 billion.
Shares of Bata India hit a new high of Rs 1,135, up 3% on the BSE in intra-day trade on Friday in otherwise weak market, surpassing its previous high of Rs 1,128 recorded on Wednesday. Thus far in calendar year 2018, the stock of footwear outperformed the market by surging 52% from Rs 747 level, as compared to 5% rise in the S&P BSE Sensex.