Sensex tanks 709 points on global selloff, Nifty loses 10,000-level

Equity benchmark Sensex plunged 709 points on Thursday as a selloff in global equities hit investor sentiment, triggering losses in market heavyweights SBI, HDFC twins, ICICI Bank and Bharti Airtel. 

After touching a high of 34,219.39 and the day's low of 33,480.42, the 30-share index settled 708.68 points, or 2.07%, lower at 33,538.37.

Similarly, the broader NSE Nifty tanked 214.15 points, or 2.12%, to close at 9,902.

In the Sensex pack, SBI was the top laggard, dropping 5.64%, followed by Sun Pharma, Maruti, Bajaj Finance, ICICI Bank, Tata Steel and Axis Bank.

On the other hand, IndusInd Bank, Hero MotoCorp and M&M were among the gainers.

In the Nifty pack, Infratel, ZEEL, SBI, Sun Pharma, Tata Motors and Maruti were among the laggards while IndusInd Bank, Hero MotoCorp PowerGrid and Bajaj Auto ended in green. 

The signals from the US Fed that the economic recovery will get delayed amid concerns about a second wave of coronavirus cases played a role in shaking investors confidence in India who have resorted to profit-booking.