Domestic equities plunged lower on Wednesday ahead of the US Fed’s meeting later tonight and dragged by heavyweights HDFC Bank and Reliance Industries. BSE benchmark plunged 796.00 points, or 1.18 per cent to close at 66,800.84, while broader NSE Nifty50 slipped 231.90 points, or 1.15 per cent to 19,901.40.
In the intraday session, Sensex plunged 868.7 points, or 1.20 per cent to 66,728.14, and Nifty 50 touched a low of 19,878.85, down 254.45 points, or 1.26 per cent.
Shares of HDFC Bank over 4 per cent after India’s top private lender said its completed merger with HDFC Ltd would affect some key financial ratios. The stock closed at Rs 1,536.90 on BSE.
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Broader market indices extended the fall as Nifty 100 plunged 1.11 per cent, followed by Nifty 200 at 0.99 per cent, Nifty 500 at 0.93 per cent, Nifty Smallcap 100 at 0.88 per cent, and Nifty Smallcap 50 at 0.71 per cent. On the other hand, India Vix gained 2.69 per cent today.
All sectors ended in red, as Nifty Metal fell 1.63 per cent, followed by Nifty Financial Services at 1.49 per cent, Nifty Bank at 1.29 per cent, Nifty Private Bank at 1.20 per cent, and Nifty PSU Bank at 1.18 per cent.