3.47 PM: Closing Bell: Nifty ends below 8,300, Sensex tumbles 1,200 pts; Tech Mahindra, Kotak Bank top losers

Market Close: Benchmark indices ended lower on the first day of the financial year of 2020-2021 with Nifty below 8,300 level.

At close, the Sensex was down 1,203.18 points or 4.08% at 28265.31, and the Nifty was down 343.95 points or 4.00% at 8253.80. About 1098 shares have advanced, 1067 shares declined, and 167 shares are unchanged.

Tech Mahindra, Kotak Mahindra Bank, TCS, Infosys and UPL were among major losers on the Nifty, while gainers were Hero MotoCorp, Grasim, Bajaj Auto, Bajaj Finance and Titan Company.

All the sectoral indices ended lower. BSE Midcap and Smallcap indices shed 1-2 percent.

News source: Moneycontrol

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