Sensex Plunges 700 Points On Global Sell-off, Rupee Hits Historic Low

Indian stock markets plunged sharply today, on a global sell-off, after the US Fed raised the interest rate by 75 bps in the latest FOMC meeting. Indian markets reflected the same trend as Asian and US equity markets, mostly dragged down by banks, IT, energy, and financial indices. The IT along with the financial sectors are worried about the growth quotient, and risk sentiment intensified. Today, Sensex plunged to 58,406.43 points as day-low, falling by 700 points. Nifty fell to 17,419.30 points as day-low, falling by 210 points, on September 23. Major indexes like Nifty energy were down by 1.39%, Nifty private bank down by 2.25%, Nifty PSU Bank down by 2.53%, while Nifty IT fell by 1.12%. Additionally, the US Dollar index gained to 111.38, and in response to that Indian Rupee hit a historic low at 80.2850 against the US dollar.

Meanwhile, in the Asian stock markets, Nikkei stood at 27,153.83 points down by 0.58%, Kospi stood at 2,294.26 points down by 1.63%, and Hang Seng Index stood at 17,996.45 points falling by 0.83%. The US stock markets are showing a major downturn today. S&P 500 was down by 0.84%, stood at 3,757.99, and Nasdaq Composite was down by 1.37%, stood at 11,066.81, at the time of writing.

Top gainers

Tata Steel, Cipla, Infosys, Sun Pharma, ITC, ONGC, Britannia, and HCL Tech are some of the top gainers today. After the seven-companies merger news by Tata Steel, its share price hit 105.15 a piece, up by 1.50% intra day.

Fresh 52-week high and low stocks

The top 5 stocks to reach 52-week high level on NSE in intra day trading are Schneider Electric Infrastructure Limited, Fourth Dimension Solutions Limited, Autoline Industries Limited, Bombay Super Hybrid Seeds Limited, Mask Investments Limited, Royal Orchid Hotels Limited, Escorts Kubota Limited, etc. Additionally, Glenmark Life Sciences Limited, Matrimony.Com Limited, Life Insurance Corporation Of India, Indian Oil Corporation Limited and Hindustan Oil Exploration Company Limited also hit fresh 52-week low-level today.