Snapping 4-day winning run, Sensex plunges 561 points; Nifty loses 10,400 level
The 30-share index dived over 830 points from its intra-day high of 35,706.55 and settled at 34,868.98.
Snapping its rising streak, equity benchmark Sensex plunged 561 points on Wednesday amid a selloff in financial stocks weak global cues.
The 30-share index dived over 800 points from its intra-day high of 35,706.55 and settled 561.45 points, or 1.58%, lower at 34,868.98. The day's low was 34,794.93.
Similarly, the NSE Nifty fell 165.70 points, or 1.58%, to 10,305.30 after touching the high of 10,553.15 and a low of 10,281.95.
IndusInd Bank and ICICI Bank were the top laggards in the Sensex pack, tanking over 7%, followed by PowerGrid, Bajaj Finserve, Axis Bank, SBI and HCL Tech.
Asian Paints, ITC, Nestle India and Reliance Industries were among the gainers.
According to analysts, selloff in financial stocks and weak opening of European equities negatively affected the investors' sentiments.