Mumbai: Key Indian stock market indexes Sensex and Nifty fell more than 2% on Thursday, led by strong selling pressure in banking and metal stocks as buoyant US inflation data undermined investor confidence. The 30-stock S&P BSE Sensex fell 1,158.08 points or 2.14% to 52,930.31 points from its close the previous day at 54,088.39 points.
Earlier, the Sensex started trading deep in the red at 53,608.35 points and fell to an intraday low of 52,702.30 points. This is the fifth consecutive losing session in the benchmark Sensex. The Sensex had lost 276.46 points or 0.51% on Wednesday.
The National Stock Exchange’s broader Nifty 50 fell 359.10 points or 2.22% to 15,808 points from the previous day’s close at 16,167.10 points. The Nifty had fallen 72.95 points or 0.45% on Wednesday.
IndusInd Bank fell 5.82% to Rs 869.45. Tata Steel fell 4.13% to Rs 1118.15. Bajaj Finance fell 3.76% to Rs 5,588. Bajaj Finserv fell 3.53% to Rs 12,848.95. The State Bank of India plunged 2.93% to Rs 462.45. HDFC Bank fell by 3.34% to Rs 1303.10.
The index heavyweight Reliance Industries fell 1.99% to Rs 2,400.95. Only one of the 30 scripts that are part of the Sensex has closed in the positive. Wipro rose by 0.91% to Rs 475.50.