Health Care

Sensex plunges 247 points; realty, healthcare stocks slump

Sensex plunges 247 points; realty, healthcare stocks slump”

Indian shares fell for a fourth straight session on Thursday, with benchmark indices Sensex and Nifty declining over 0.80 per cent.

The Sensex, which opened at 31,926.14 points, traded at 31,891.77 points - down 122.42 points, or 0.38 per cent from its previous close at 32,014.19 points.

At 3.20 p.m., the 30-share BSE index Sensex was down 247.55 points or 0.78 per cent at 31,550.29 and the 50-share NSE index Nifty was down 86.3 points or 0.87 per cent at 9,821.75. The gauge has now lost 527.57 points in three sessions.

The Sensex has so far touched a high of 31,965.40 points and a low of 31,843.45 points during the intra-day trade. The NSE Nifty also remained under pressure and was down 70.50 points, or 0.71 per cent, to close at 9,908.05.

After the regulator Sebi clamped down on 331 such firms on Monday, directing exchanges to take action against them, some of the companies approached the Securities Appellate Tribunal against the order.

Meanwhile, Asian stocks fell after North Korea said it is considering plans to attack US island territory Guam.

On Wednesday, FIIs were net sellers of Indian equities worth Rs 841 crore, according to provisional data released by the National Stock Exchange (NSE). It was so strong that all the sectoral indices, led by healthcare and auto ended in the negative zone.

Apart from Tata Motors, other blue-chip stocks in the red included ONGC, Adani Ports and ICICI Bank while pharma stocks were trading with minor gains after the previous day's losses.

Tata Motors shares fell over 8 per cent after the company's 42 percent rise in June-quarter profit, helped by a one-off gain related to changes to Jaguar Land Rover's pension plans, failed to please investors.

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