For Quick Alerts
For Daily Alerts

Bihar Hangover Continues For Markets; Sensex Crashes 378 Points


It has not a very Happy Diwali for stock market investors with the Sensex slumping another 378 points in trade, making it 11 losses in 12 trading sessions and perhaps one of the worse string of losses this year.

The Sensex ended the day at 25,743 points, as investors continued to remain worried over the outcome of the Bihar elections. The real concern is that the government many not be able to push reforms in the Rajya Sabha as the opposition would have got more bold after the Bihar elections.

Bihar Hangover Continues For Markets; Sensex Crashes 378 Points
Sensex40,651.64Sensex Quote181.94 [0.45%]
Nifty11,999.10Nifty Quote59 [0.49%]
Foreign Portfolio Investors have been selling heavily and chances are that they might have pressed sales heavily even today. Shares in Interglobe Aviation, the company that owns Indigo Airlines got listed. The stock ended higher by 16 per cent in a falling market.

Pharma shares continued to have a very dismal day in trade with Dr Reddy's falling almost 5.67 per cent, while Sun Pharma dropped 3 per cent. Other Nifty losers were Vedanta, Reliance and Bharat Heavy.

Auto and two-wheeler stocks were the stars in trade with Bajaj Auto, Hero Motor Corp and Maruti among the gainers.

Axis Bank and ICICI Bank saw some gains, after having seen their stock prices decline, since declaring quarterly results.

Select midcap stocks saw deep cuts with Reliance Power and Reliance Infra among the biggest losers. Meanwhile, most of Asia ended the day with losses, while European markets were seeing some gains in early trade.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more