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Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Thursday plunged sharply in early trade amid escalating geo-political tensions in the Middle East. At 10.20 am, the BSE Sensex slumped 924 poinst to 83,342. On the other hand, the NSE Nifty50 was trading at 25,516, down 280 points.
Stock update
On the 30-share Sensex platform, Asian Paints, Tata Motors, L&T, Axis Bank, Kotak Bank, Maruti emerged early losers. On the flip side, JSW Steel, Tata Steel, UltraCemco, SBI, and Sun Pharma are among the gainers.
In the broader markets, the BSE Smallcap dropped 1.09 per cent, while the BSE Midcap sank 1.14 per cent.
Sectoral update
All sectoral indices, except for Metal, were trading in negative territory. Auto was the biggest laggard, down 1.55 per cent, followed by Realty, which dropped 1.48 per cent, and FMCG, down 1.07 per cent. Major indices like Nifty Bank, Financial Services, IT, Consumer Durables, and Oil & Gas also saw declines of around 1 per cent each.
The volatility index, India VIX, surged over 8 per cent, reaching 13.
Markets were closed on Wednesday, October 2, on account of celebrations of Gandhi Jayanti. In the previous session on Tuesday, the BSE Sensex ended 33 points at 84,266, while the NSE Nifty50 closed at 25,796, down 14 points.
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