Sensex, Nifty tank around 1% as global equities sink on rate hike worries

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Benchmark stock indices Sensex and Nifty plunged by around 1 per cent on Tuesday due to sharp losses in auto, metal, and realty stocks amid a global rout in equities triggered by rising US bond yields and a spike in crude oil.

The 30-share index slumped by 554.05 points or 0.90 per cent to end at 60,754.86 with 23 of its constituents ending in the red.

The broader NSE Nifty fell by 195.05 points or 1.07 per cent to 18,113.05. As many 43 Nifty stocks closed with losses while six advanced.

Maruti was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tech Mahindra, HCL Tech, Tata Steel, IndusInd Bank and L&T.

On the other hand, Axis Bank, HDFC Bank, ICICI Bank, Kotak Bank Dr Reddy’s, Titan and Nestle India were the gainers.

Daily Pioneer
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