Sensex dropped for a third consecutive session on Wednesday as banking and automobile shares fell. Asian stocks fell as worries on Donald Trump’s economic growth agenda provoked investors to dump risky assets looking for safe havens such as government bonds. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3%.
On closing, the barometer index, the BSE Sensex, lost 317.77 points or 1.08% at 29,167.68, while the Nifty 50 index was down 91.05 points or 1% at 9,030.45. Stocks in the metal and banking sectors had rose up to a high extent. About 990 shares advanced, 1822 shares declined and about 194 shares remained unchanged.
Auto stocks lost traction with M&M Ltd and Tata Motors falling 2% and 1.4%, respectively, to pull down the NSE index. Bharti Airtel was among the top losers on both the NSE and BSE indices, dipping nearly 3%.
On closing, the barometer index, the BSE Sensex, lost 317.77 points or 1.08% at 29,167.68, while the Nifty 50 index was down 91.05 points or 1% at 9,030.45. Stocks in the metal and banking sectors had rose up to a high extent. About 990 shares advanced, 1822 shares declined and about 194 shares remained unchanged.
Auto stocks lost traction with M&M Ltd and Tata Motors falling 2% and 1.4%, respectively, to pull down the NSE index. Bharti Airtel was among the top losers on both the NSE and BSE indices, dipping nearly 3%.