Sensex slipped 310 points, Nifty slipped below 19,850; SJVN Tank up 9%, Sheela Foam up 2.5%


21 September 2023 / 07:42 am IST

Market on Wednesday: Bloodshed on D-Street, Sensex down 796 points, Nifty near 19,900

Indian equity indices closed down for the second consecutive session on September 20, with Nifty falling below 19,900 amid selling in heavyweights and all sectors except power stocks.

At the end, the Sensex was down 796 points or 1.18 per cent at 66,800.84, and the Nifty was at 19,901.40, down 231.90 points or 1.15 per cent.

After starting with a decline, the market remained under selling pressure and as the day progressed, losses increased and closed at the day’s low.

BSE Sensex and Nifty 50 indices touched the day’s low of 66,728.14 and 19,878.85, respectively.

The fall eroded investors’ wealth by Rs 2.25 lakh crore as the market capitalization of BSE-listed companies declined to Rs 320.75 lakh crore from Rs 323 lakh crore in the previous session.

The biggest fallers on Nifty include HDFC Bank, JSW Steel, Reliance Industries, BPCL and SBI Life Insurance, while the gainers include Power Grid Corporation, Coal India, ONGC, Sun Pharma and Eicher Motors.

Among sectors, except power, banks, metals and realty, all other sectoral indices closed in the red with a decline of one per cent each.

BSE Midcap index fell 0.30 per cent and Smallcap index fell 0.5 per cent.

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