Indian equity indices plunged on Thursday, halting a 7-day’ successive victory, as stocks through international market fell following US Federal Reserve indicated more rate hikes ahead.
On closing, the BSE Sensex down 52.66 points at 36,431.67, while NSE Nifty was declined 15.60 points at 10,951.70. Yes bank,HCPL, BPCL, UPL and Hero MotoCorp were among major gainers on the NSE, whereas Grasim,SBI, Bharti Airtel and Wipro fall the most.
Metal stocks got a setback, falling mostly, since prices of nearly all dollar-denominated metals plunged after the US said it would withdraw sanctions on Russian aluminum producer.
Nifty metal index plunged 1.04 percent, led by selling in NALCO, Vedanta, SAIL among others.
Stock in the Oil and Natural Gas Corp (ONGC) rose 0.13% at Rs. 148.45 per share after the oil company approved buyback of 2,52,955,974 equity shares
Among the sectors, Nifty Auto, Nifty pharma and Nifty private Bank only ended in green, while the rest all sectors ended in the red.