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Sensex tanks 350 points; Hindalco Industries, Sesa Sterlite hit

New Delhi: The Sensex and the Nifty plunged nearly 1.5 per cent at the closing session on Thursday due to the recent ongoing sell-off in global markets.The 30-share BSE index Sensex plunged 349.99 points at
India TV News Desk October 16, 2014 16:51 IST
India TV News Desk

New Delhi: The Sensex and the Nifty plunged nearly 1.5 per cent at the closing session on Thursday due to the recent ongoing sell-off in global markets.

The 30-share BSE index Sensex plunged 349.99 points at 25,999.34 and the 50-share NSE index Nifty shed 115.80 points at 7,748.20.

All the BSE sectoral indices ended significantly in the red. Consumer durables, power, metal and India infrastructure index were down by 4.25 per cent, 2.91 per cent, 2.28 per cent and 2.27 per cent, respectively.

The major Sensex gainers were ITC, Coal India, GAIL, Cipla and HUL. The loser's pack included Hindalco, M&M, SSLT, Tata Steel and Tata Power.

Dubai's stock market fell 2.4 per cent, while Abu Dhabi's index slipped 2.1 per cent and Qatar slid 1.4 per cent.

Crude oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.

This is the first month since January, when foreign investors have been net sellers in Indian shares. So far, FIIs have sold equities worth around Rs. 4,000 crore this month.