Mumbai: Worsening geo political situation and persistent withdrawal of funds by the Foreign Institutional Investors (FIIs) led to another day of bloodbath on the Dalal Street with the BSE Sensex closing at 81,688, down 809 points or about 1 per cent fall from previous day’s close.
Rising geopolitical tensions in the Middle East pushed crude oil prices higher and this also dampened investors’ confidence as all benchmark indices were in the red.
The FIIs sold equities in the cash segment worth Rs 15243 crore while the Domestic Institutional Investors (DIIs) bought to the tune of Rs 12,914 crore in the last trading session yesterday, according to data available.
According to estimates available, investors wealth of over Rs 13 lakh crore has been wiped out in the last 5 trading sessions.
The National Stock Exchange (NSE) index Nifty also fell 200.25 points to close at 25,049.85.
Sources in the trading community also said that next week will be crucial for the market as all eyes will be on next action by Israel and also earning session will kick off for the second quarter and also two state assembly election results will be out on 8th October.
The stocks that plummeted most today were FMCG by 1.67 per cent, Realty by 1.60 per cent, Auto by 1.50 per cent and Telecommunications by 1.25 per cent.
The Mid cap fell 0.94 per cent and Small cap by 0.80 per cent. In 30-scrips BSE Sensex prices of 24 companies declined and ended in red, while those of 6 companies advanced further over their previous close.
The losers were M& M by 3.65 per cent to Rs 3015, Bajaj Finance by 3.01 per cent to Rs 7209.65, Nestle India Ltd by 2.85 per cent to Rs 2599.30, Asian paints by 2.49 per cent to Rs 3011.85 and Bharti Airtel by 2.09 per cent to Rs 1640.75.
The gainers were Infosys by 1.33 per cent to Rs 1918.35, Tech Mahindra by 0.83 per cent to Rs 1616.50, Tata Motors by 0.51 per cent to Rs 930.70 and Axis Bank by 0.50 per cent to Rs 1181.38.
