The BSE Sensex slumped over 750 points to end at a six-month low and NSE Nifty ended below the 10,300 mark on Thursday as global indices witnessed across-the-board losses after investor sentiment was hit by heavy sell-off in world markets.
The 30-share index, which commenced with a gap down opening, cracked over 1,000 points, breaching the 34,000-mark and hit a low of 33,723.53, before staging a partial recovery to touch a high of 34,325.09 in afternoon trade. The gauge finally ended 759.74 points, or 2.19%, lower at 34,001.15. This is the lowest closing since April 11. It had gained 461.42 points on Wednesday.
Similarly, the NSE Nifty settled at 10,234.65, down 225.45 points, or 2.16%. It moved between 10,138.60 and 10,335.95 in day trade. “The reason for Thursday’s fall is clearly global after President Trump’s acerbic comments against the Federal Reserve and the consequent sharp fall witnessed in all the major Asian markets,” said Dheeraj Singh, Head of Investments — Taurus AMC.