Stock Market Live: Sensex down 750 pts, India VIX up 9%; Axis Bk, ITC gain

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Stock Market Live: Taking cues from overseas, equity markets tumbled for a sixth straight session on Thursday to the lowest level in four months. The BSE Sensex fell 850 points to 63,119, its lowest level since June 26. The NSE Nifty50 lost 270 points to slide to 18,849.


Tech M, M&M, HDFC Bank, Ultratech, Tata Motors, Bajaj Finserv led losses on the Sensex, sliding 1-3 per cent. While Axis Bank, and HCL Tech were the only notable movers. 

 

The broader markets also traded with sharp losses. The NSE MidCap and SmallCap indices were down over 1.5 per cent each.

All sectoral indices held sharp cuts, led by Nifty Realty, which fell 2.4 per cent. Nifty PSBs, Nifty Auto, Nifty Metal were next in line with over 1 per cent of losses. 

Sonata Software held ground amid broader losses. The stock was up 3 per cent after its Q2 results. The company also approved a 1:1 bonus issue.

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