You are here: Home » Markets » News » Market Update
Business Standard

Sensex ends 310 points lower; highest single-day loss since Brexit

Bank shares were the top losers along with index heavyweight RIL

Tulemino Antao  |  Mumbai 

Benchmark share indices registered their highest single-day loss in percentage terms since June 24, the day of the Brexit verdict, on profit booking after sharp gains recently outpaced valuations. The S&P BSE Sensex ended down 310 points or 1.1% at 27,775 and the Nifty50 dropped 103 points or 1.2% at 8,575.

On June 24, 2016 post the Brexit vote the S&P BSE Sensex had lost 2.2% or 605 points while the Nifty50 index plunged 2.2% or 182 points. The BSE Midcap and Smallcap indices ended down 1.2% each. Market breadth was weak with 1899 declines and 829 advances on the BSE. "The market ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 10 2016. 15:47 IST