Stock Market Slumped More Than 1.5 Percent Intraday

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Indian Stock Market declined more than 1.5 percent today. Sensex shed 439 points at 27643 while Nifty slumped 135 points at 8573. Investors took their bets back after the US Federal Reserve’s September meeting which indicated a possible hike in rate this year.

Asian market indices also declined in today’s trade. Nikkei dropped 65 points at 16774, Hang Sang lost 375 points at 23031 and China’s index Shanghai Composite closed at 3061 with just 2 points up.

Overall 933 shares advanced, 1940 shares declined and 114 shares remained unchanged.

Gainers: Infosys, ONGC, Hero Motocorp, Asian Paints, Wipro
Losers: Adani Ports, Idea Cellular, Bank of Baroda, Aurobindo Pharma, Tata Power

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