MUMBAI: The benchmark BSE Sensex plunged to over one-year low after falling by 486 points in intraday deals to 25,278.31 points following heavy selling in the absence of any triggers looming the sentiments.
Lower Asian cues ahead of the key US non-farm payroll data also weighed on market sentiment.Selling was led by realty 4.60%, bank 3.17%, power 3.10%, consumer durables 2.73%, metal 2.70%, auto 2.40%, while the second line, mid-cap and small-cap, shares lost nearly up to 3%, respectively.
The BSE Sensex resumed higher at 25,772.58 and hovered between 25,775.38 and a low of 25,193.41, it was quoting 25,343.94 at 1125 hours, showing a loss 420.84 points or 1.63% over its previous close.
The 50-share Nifty also dropped below 7,700-mark dipping by 155.30 points or 1.75% to 7,667.70 at 1225 hours.Stockwise major loser were, Vedanta 4.39%, followed by Tata Steel 4.33%, Tata Motors 4.33%, Axis Bank 3.94%, ICICI Bank 3.73%, Dr Reddy’s 3.13 % and Hindalco 3.11%.
Meanwhile, foreign investors sold shares worth Rs 1,573.42 crore on Thursday, as per provisional data.Other Asian shares were trading in red as caution prevailed ahead of the the release of monthly US jobs report.