NEW DELHI: Equity indices plunged on Friday with the benchmark BSE sensex falling nearly 500 points amidst selloff across all sectors.
The 30-share BSE index fell 487 points or 0.95 per cent to close at 50,792; while the broader NSE Nifty settled 144 points or 0.95 per cent lower at 15,031.
Top losers in the sensex pack included Bajaj Auto, Maruti, Reliance, Sun Pharma, Ultra Cemco, ICICI Bank and IndusInd Bank with their shares falling as much as 2.98 per cent.
While PowerGrid, ONGC, Titan and Infosys were the only gainers rising up to 2.28 per cent.
On the NSE platform, all sub-indices finished in red with Nifty PSU Bank, Auto and Bank falling up to 1.70 per cent.
Markets remained closed on Thursday for Mahashivratri.
Chief investment strategist at Geojit Financial Services V K Vijayakumar told news agency PTI that the ‘risk on’ in global equity markets got another push with the passage of a massive fiscal stimulus.
US President Joe Biden has signed a $1.9 trillion American Rescue Plan which is expected to provide a major boost to the country’s economy.
Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 15.69 crore on Wednesday, as per exchange data.
(With inputs from agencies)