Sensex Plunges 700 pts, Nifty Below 16,300 Amid Weak Global Cues; IT Stocks Shine

The key benchmark indices turned volatile in the last hour of trade amid weak global cues. At close, the Sensex is down 768.87 points or 1.40 per cent at 54,333.81, and the Nifty was down 252.60 points or 1.53 per cent at 16,245.40. About 1204 shares have advanced, 2075 shares declined, and 96 shares are unchanged.

Titan Company, Maruti Suzuki, Asian Paints, Hero MotoCorp and Tata Motors were among the top Nifty losers. On the other hand, Dr Reddy’s Laboratories, ITC, Tech Mahindra, Sun Pharma and UltraTech Cement were the biggest gainers. Among sectors, except IT all other indices ended in the red with auto, metals, power, capital goods, realty down over 2-3 per cent. BSE midcap index shed 2.3 per cent and smallcap index fell 1.6 per cent.