Equity benchmark Sensex tanked 627 points to end below the 50,000-level on the last day of 2020-21 fiscal due to heavy profit booking in HDFC twins, RIL and Infosys but closed the financial year with a whopping 68% rise.
The 30-share BSE index ended lower by 627.43 points at 49,509.15 with 19 of its constituents ending in the red on Wednesday. The NSE Nifty slumped 154.40 points to close at 14,690.70.
During the financial year 2020-21, Sensex zoomed a massive 20,040.66 points or 68% while Nifty skyrocketed 6,092.95 points or 70.86% despite Covid blues.
On the last day of FY21, HDFC Bank and HDFC were the top losers among Sensex stocks, a day after the private banking major admitted to some glitches in its online banking services. The bank, which has already faced the RBI penalty for disruption in online services, promised to resolve the issue and restore services. HDFC tanked 4% while HDFC Bank declined 3.86% on the BSE.
Among other major losers, PowerGrid fell 2.71%, Tech Mahindra by 2.5%, ICICI Bank by 1.71%, ONGC by 1.59%, Kotak Bank by 1.5%, Infosys by 1.28% and Reliance Industries by 1.25%.
On the other hand, ITC, Bajaj Finserv, HUL, SBI and TCS were among the gainers. Among sectoral indices, BSE finance, bankex, power, telecom, energy and teck fell up to 1.73%, while realty, FMCG, consumer durables, basic materials and metals indices rose up to 1.89%.
Broader midcap and smallcap indices outperformed benchmarks, rising up to 0.52%. — PTI