Domestic benchmark indices today slumped over one percent ahead of US Federal Reserve’s interest rate decision. The 30-share BSE Sensex tanked 836 points, or 1.04 percent, to close at 79,542, while the NSE Nifty50 shed 285 points, or 1.16 percent, to settle at 24,199.
The broader market at the Bombay Stock Exchange also ended in negative territory. The Mid-Cap index slipped over half percent and the Small-Cap index lost over 0.4 percent.
In the Sensex index, 28 out of 30 companies logged losses. In the top laggards, Tata Motors dropped over 2.3 percent, Tech Mahindra shed 2.2 percent and JSW Steel as well as SunPharma, both fell nearly two percent. Conversely, the only two gainers were SBI Bank which added over half percent and TCS gained over 0.2 percent.
In Sectoral Indices at the BSE, all 20 sectors ended with losses. In the top laggards, Metal declined over two and a half percent, Utilities dropped over 1.8 percent, and Commodities lost over one and a half percent.
The overall market breadth at the BSE was negative as shares of 1,821 companies advanced and 2,134 declined while 98 remained unchanged.At the National Stock Exchange, 108 companies hit their 52-week high while 7 hit their 52-week low.