Sensex crashes 600 points, several big stocks tumble

Aug 13 2019 05:03 PM
Sensex crashes 600 points, several big stocks tumble

Mumbai: The stock market has witnessed a big fall on Tuesday due to international reasons. Due to international factors, shares of big companies like HDFC, HDFC Bank, Info SIS, and ITC have registered a steep decline. At around 3 p.m., the Sensex had gone down to 37,000 with a weakness of 600 points, while the Nifty was trading at 10,933, breaking 176 points.

The 30-share Sensex at the Bombay Stock Exchange gained 173.25 points, or 0.6 percent, to open at 37,755.16, while the Nifty at the National Stock Exchange opened firming 29.75 points to close at 11,139.40.  The Sensex has recorded a steep decline in shares of HDFC, HDFC Bank, Tech Mahindra, L&T, Infosys, Maruti, and ITC majors. Yes Bank shares fell to a 52-week low.

Reliance Industries shares, on the other hand, have made the biggest leap of the decade. Reliance Industries on Monday registered an increase in its share in 18 months, with Saudi Arabian company Aramco selling a 20-percent stake in the oil and petrochemical business and announcing the launch of Jio Fiber from next month.

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