Sensex dips 623-pts, Nifty down 183-pts, Reliance stock Surges
August 13, 2019
benchmark indices declined massively in trade Tuesday, led by
heavyweight stocks such as HDFC Bank and HDFC, despite Reliance
recorded huge surge.
close, the Sensex ended with losses by 623 points, while the Nifty
slumped 183 points. Major losers in Nifty were Yes Bank, Bajaj
Finance, M&M, Bajaj Finserve and Eicher Motors, while IndiaBulls
Housing, Reliance Industries, Sun Pharma, Gail India and Zee
Entertainment led the losses.
Nifty sectoral indices closed in the red with maximum losses in
Nifty Auto and Fin Services witnessed a fresh round of selling.
of Reliance Industries Ltd (RIL) closed at Rs.1,275.30 per
share by 9.74% gains after Company announced various developments.
The Nifty energy index was single sector to close higher out of 14
sub indexes, driven largely by Reliance Industries.
of Sun Pharma closed at Rs.438.35 per share, up by 3.87%
after the Company’s quarterly numbers beat estimates.
in HDFC declined near 5% at Rs.2101.85 per share, while HDFC
Bank down by 2.37% at Rs.2228.00.
Auto stocks witnessed a new round of selling with Nifty Auto index falling by 3.95% led by huge losses in Motherson SumySystems, Bharat Forg and Bosch, down by 6 to 8% in range.