Markets continue losing rally: Sensex plunges 900 pts, Nifty ends at 18,852; Axis Bank gains post Q2 results

Domestic equities fell for the sixth session straight on Thursday tracking global markets, and the ongoing Israel-Hamas war. BSE benchmark Sensex plunged 900.91 points, or 1.41 per cent to 63,148.15, while broader NSE Nifty 50 slumped 269.95 points, or 1.41 per cent to 18,852.20.
In the 30-share Sensex pack, only Axis Bank, Adani Ports, NTPC, HCLTech, IndusInd Bank, and PowerGrid closed in green.
Axis Bank shares jumped nearly 2 per cent today after the private sector lender posted 10 per cent jump in its Q2 net profit to Rs 5,329.8 crore.
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Except India Vix and Nifty Microcap 250, all broader market indices closed in the red. Nifty Midcap Select slipped 1.77 per cent, followed by Nifty Midcap 50 1.57 per cent, Nifty 100 1.33 per cent, Nifty 200 1.31 per cent, Nifty Largecap 250 1.24 per cent, and Nifty 500 1.23 per cent.
All sectors closed in red, as metal fell 1.62 per cent, auto slipped 1.59 per cent, financial services tanked 1.57 per cent, followed by oil & gas at 1.50 per cent, and Nifty Bank fell 1.29 per cent.
M&M, Bajaj Finance, Asian Paints, UPL, Nestle India, Bajaj Finserv, Titan, ONGC, HDFC Bank, Adani Enterprises, and Tech Mahindra were the top losers in today’s session.