Markets tank in early trade dragged by Reliance, Kotak Mahindra Bank, weak global peers
Mumbai (PTI): Equity benchmark indices declined in early trade on Monday dragged by Reliance Industries and Kotak Mahindra Bank along with weak global market trends.
The 30-share BSE Sensex tanked 504 points to 80,100.65 in early trade. The NSE Nifty dropped 168.6 points to 24,362.30.
Among the Sensex pack, Kotak Mahindra Bank, Reliance Industries, Larsen & Toubro, ICICI Bank, IndusInd Bank and Axis Bank were the biggest laggards.
UltraTech Cement, NTPC, HDFC Bank and Power Grid were among the gainers.
HDFC Bank climbed 1.57 percent after the company's consolidated net profit grew 33.17 percent to Rs 16,474.85 crore in the June 2024 quarter.
In Asian markets, Seoul, Tokyo and Shanghai were trading lower while Hong Kong quoted in the positive territory.
The US markets ended lower on Friday. Global oil benchmark Brent crude climbed 0.67 percent to USD 83.18 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,506.12 crore on Friday, according to exchange data.
The BSE benchmark hit its new all-time high of 81,587.76 in the initial trade on Friday but failed to carry forward the winning momentum and tanked 738.81 points or 0.91 percent to settle below the 81,000-mark at 80,604.65.
The NSE Nifty tumbled 269.95 points or 1.09 percent and ended at 24,530.90 after hitting its fresh record peak of 24,854.80 during the opening bell on Friday.
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Navdeep Singh's silver upgraded to gold in men's javelin throw F41 at Paralympics
Paris, Sep 7: India's Navdeep Singh's silver medal was upgraded to gold after Iran's Beit Sayah Sadegh was disqualified following a dramatic men's javelin throw F41 final at the Paris Paralympics on Saturday.
This is India's first-ever gold medal in the men's javelin F41 category.
Starting the competition with a foul, the 23-year-old para-athlete from Haryana, who had finished fourth at the Tokyo Games three years ago, came up with a throw of 46.39 metres in his second attempt, propelling him to the second place. But it was his third throw that electrified the stadium.
With a monstrous throw of 47.32 metres, Navdeep shattered the Paralympic record and surged into lead, only for Sadegh to better the Indian's mark and clinch the gold with a record-breaking effort of 47.64 metres in his fifth attempt.
However, the Iranian was disqualified some time after the end of the final, leading to the Indian athlete taking the top spot.
The F41 category is for athletes, who are of short stature.
