The BSE Sensex slumped 774 points (1.3 per cent) to close at 60,205 after it recovered from its intra day low of 60,081. The NSE Nifty lost 226 points to close at 17,892.
On the other hand, Bajaj Auto, Maruti, HUL, Britannia, Tata Steel, and Hindalco firmly defied the weak trend and ended with gains of up to 1 per cent.
Within sectors, the Nifty PSB index tanked 3.6 per cent followed by bank, financial indices. Auto, metals and FMCG pockets closed nearly flat with fractional cuts.
In the broader market, the BSE midcap index cracked 1.5 per cent while smallcap index lost around 1 per cent. ACC, Adani Power, Motilal Oswal, Vodafone Idea, Concor and Aurobindo Pharma led midcap losses, sinking up to 7 per cent.
BS SPECIAL: Timing of Hindenburg report is curious; market reaction overdone, say analysts
The post is published through a syndicated feed and attributed to Business Standard