Nifty, Sensex falls over 1-pc on negative global trends

MARKET CLOSING UPDATES: Key benchmarks slipped over 1 percent to start September, reversing 2-consecutive months of bull run as hawkish central banks and a lockdown in China elevated market apprehension.

The BSE Sensex finished at 58,766.59 after losing 770.48 points, or 1.29 percent. It fell 1,014.5 points, or 1.70 percent, throughout the day to 58,522.57. The NSE Nifty also dropped 216.50 points, or 1.22 percent, to finish at 17,542.80.

Among the main laggards from the Sensex pack were Reliance Industries, Tata Consultancy Services, Sun Pharmaceutical, Tech Mahindra, Infosys, NTPC, Hindustan Unilever, HDFC, Power Grid, Bajaj Finance, and ICICI Bank. The gainers, on the other hand, included Mahindra & Mahindra, IndusInd Bank, Bharti Airtel, Asian Paints, Titan, State Bank of India, and Bajaj Finserv.

International Markets: Markets in Seoul, Tokyo, Hong Kong, and Shanghai ended lower elsewhere in Asia. During mid-session deals, stock markets in Europe were trading in the red. On Wednesday, the U.S. markets recorded a negative closing price.

Meanwhile, the benchmark Brent crude price fell 2 percent to USD 93.73 per barrel.

According to exchange statistics, foreign institutional investors (FIIs) purchased shares on Tuesday totaling a net of USD 4,165.86 crore.

Indian stock markets were closed on Wednesday, August 31, on account of Ganesh Chaturthi.

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