Sensex Tanks 844 Points, Nifty Ends Below 17,000; IndusInd Bank, Nestle & Tata Steel Fall 3%

Tue, 11 Oct Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day on a negative note, Indian share markets continued their downtrend and fell sharply in the final hours.

The key benchmark indices cracked heavily in late trades as a weaker rupee, tepid FII flows and a gloomy global market scenario weighed on sentiment.

All sectoral indices ended in the red with realty, IT, metal, and FMCG sector stocks tanking the most. The banking index remained the only ones to shed less than 1%.

At the closing bell, the BSE Sensex stood lower by 844 points (down 1.5%).

Meanwhile, the NSE Nifty closed down by 257 points (down 1.5%).

Axis Bank, Adani Enterprises, and Asian Paints were among the top gainers today.

Divi's Laboratories, IndusInd Bank, and Eicher Motors on the other hand, were among the top losers today.

The SGX Nifty was trading at 16,935 down by 293 points, at the time of writing.

Broader markets ended on a negative note. The BSE Midcap index dived 1.6% and the BSE SmallCap index ended lower by 1.5%.

All sectors ended on a negative note with stocks in the IT sector, metal sector, realty sector and telecom sector witnessing most of the selling.

Defensive sectors were also not spared as pharma stocks and FMCG stocks witnessed heavy selling.

Shares of Star Cement, Chalet Hotels, and Kalpataru Power hit their 52-week highs today.

IndusInd Bank, Infosys, and TCS were amongst the most active shares on the BSE today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian stock markets ended on a mixed note. The Nikkei ended the day lower by 2.6%, while the Hang Seng plunged 2.2%. The Shanghai Composite ended 0.2% higher.

The rupee is trading at 82.3 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.5% at Rs 51,023 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading lower by 1.7% at Rs 59,102 per 1 kg.

Speaking of stock markets, Co-head of research at Equitymaster Tanushree Banerjee talks about the China plus one megatrend and how it could change the map of global manufacturing, in her latest video.

In news from the engineering sector, Larsen & Toubro share price was among the top buzzing stocks today.

L&T Construction bags repeat order from Odisha Government.

The water & effluent treatment business has been awarded repeat orders from the Water Resources Department of the Odisha Government. It is to execute Cluster XIX & Cluster XX Mega Lift Irrigation projects.

Commenting on it, L&T in exchange filing said,

The order win reinstates the EPC major's credentials in the irrigation sector and backs the customer trust in the giant's capability to aid the development of agriculture in the state.

The scope of work includes the execution of 23 Lift Irrigation Schemes. It consists of intake points spread across Anandapur Left Main Canal, Bidydharpur Barrage, Hadagarh Reservoir, and many more places.

The objective of the project is to irrigate a culturable command area of 29,914 hectares in the districts of Keonjhar, Jajpur & Kendrapada on a turnkey basis.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

The company has rewarded investors with 10 bonuses over the last 7 decades and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an investor's favorite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

Moving on to news from the pharma sector, Panacea Biotech was also in focus today.

The share price of Panacea Biotech zoomed 20% on order win from UNICEF and PAHO.

The company has received long-term supply orders worth US$127.3 m (Rs 10.4 bn) from UNICEF and PAHO for the supply of its WHO pre-qualified fully liquid Pentavalent vaccine, Easyfive- TT .

It is the world's first fully liquid-based Pentavalent vaccine that was launched in 2005 in India. After the WHO's prequalification in 2008, more than 150 m doses have been supplied to over 75 countries globally.

Pediatric vaccination plays an important role to achieve Sustainable Development Goals (SDGs) set by the United Nations. It is particularly to reduce the under-five mortality rate to less than 25 per 1,000 live births.

Panacea Biotech is a pharmaceutical and biotechnology company with established research, manufacturing, and marketing capabilities. It has pioneered the development of innovative fully liquid combination vaccines.

Moving on to the news from the construction sector, ITD Cementation India was in focus today.

The share price of ITD Cementation India gained 2% after the company secured a construction order for the west container terminal.

The company has secured new orders worth Rs 17.5 bn from various clients. It secured an order for the construction of the west container terminal in the port of Colombo, Sri Lanka.

It has further received another order for the construction of Berth and Yard facilities in Odisha. In addition, it has also received an order for piling and civil work for the Hazira plant in Gujarat.

Since April 2022, it has secured orders worth Rs 79 bn.

ITD Cementation is India's leading engineering and construction firm in heavy civil, infrastructure, and EPC work.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers