Mumbai (Maharashtra): The benchmark Sensex of the Indian stock market fell 393.01 points on Thursday on selling pressure in consumer durables and tech stocks. The 30-share S&P BSE Sensex was trading at 59,217.40, down 393.01 points or 0.66 per cent at 9:30 pm. The broader Nifty 50 of the National Stock Exchange was trading 91.40 points or 0.51 per cent lower at 17,716.25.
There was heavy selling pressure on Titan’s shares, which fell 2.49 per cent to Rs 2,478.05. HDFC fell 1.85 per cent to Rs 2,489.50. HDFC Bank closed at Rs 1,529.00, down 1.41 per cent. Notably, HDFC twins have now been on a downtrend for three days after their share price jumped nearly 10 per cent on Monday, soon after the merger was announced.
NTPC rose 1.44 per cent to Rs 155.25. Dr Reddy’s rose 1.25 per cent to Rs 4,325.90. Sun Pharmaceutical rose 0.81 per cent to Rs 935.40. Axis Bank, Power Grid and ICICI Bank were among the major gainers in the Sensex.