Sensex drops by 433.15 pts

14-08-2020

Mumbai, (UNI) Extending losses for the third straight session, the BSE Sensex crashed by 433.15 pts to settle at 37,877.34 following heavy selling in Auto, Bankex, Finance and FMCG stocks on Friday.

The Nifty of National Stock Exchange eased by 122.05 points to 11,178.40. It recorded days high and low at 11,366.25 and 11,111.45 points respectively.

High oscillation was witnessed during the day, as the Sensex jumped by 122 points to 38,432.94. It spurted nearly 230 points to 38,540.57, days high.

In late trade, it slumped nearly 656 points to 37,654.92, days low before closing at 37,877.34, sliding by 433.15 points from its previous close.

The sectoral indices like Auto, Bankex, Finance, FMCG and Consumer Discretionary Goods and services dragged the market further.

In scrips, M& M, Axis Bank, Bajaj Finance, SBI and ITC were main draggers.

While, buying in Sun Pharma, NTPC, Tata Steel, Titan and Infosys restricted from further losses, broker informed.

The Mid Cap fell by 1.02 per cent and small cap by 0.61 per cent.

In 30 scrips, five advanced while 25 declined.