A morning walk down Dalal Street | Support for Nifty placed at 11,250; short on any technical bounce
Episode 1168, May 09, 2019, 01:30 AM
The S&P BSE Sensex plunged by nearly 500 points while the Nifty50 saw a cut of nearly 140 points.
The average market capitalisation of BSE listed companies fell from Rs 149.15 lakh crore recorded on May 7 to Rs 147.43 lakh crore on May 8, which translates into a fall of Rs 1.72 lakh crore.
The final tally on D-Street – the S&P BSE Sensex plunged 487 points to 37,789 while the Nifty50 dropped 138 points to close at 11,359.
The fall in the index was led by largecap names. HDFC fell 1.8 percent, RIL dropped 3.2 percent, Infosys was down by 0.7 percent, TCS closed flat, HUL was down 0.52 percent, IndusInd Bank dropped 1.7 percent, and Kotak Mahindra Bank closed with a loss of 0.42 percent.