Equities plunge on sell-off, Sensex tanks over 500 points

The Sensex was trading 136.94 points or 0.40 per cent down at 33,548.60. The gauge lost 232.40 points in the previous three straight sessions

The broader NSE Nifty fell below the key 10,400-mark and touched a low of 10,346.20, before ending down 50.75 points, or 0.49 per cent, at 10,360.15. The market fell further amid political upheaval after the Telugu Desam Party (TDP) formally chose to quit the NDA government. However, in a big election year, market players will take some cues from any fluctuation in parliamentary math.

Following the loss of two Lok Sabha seats in the recent Uttar Pradesh (UP) bypolls, the BJP's tally in the lower house of Parliament has dropped to 274.

Benchmark indices extended losses and were dragged by weakness in metal, oil and gas, FMCG, auto and financial services stocks.

Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors' nerves, already frayed by fears that USA tariffs could hurt the global economy and trigger a trade war.

On Thursday, the NSE Nifty50 fell by 50.75 points or 0.49 percent to close trade at 10,360.15 points while the Sensex closed at 33,685.54 points - down 150.20 points or 0.44 percent.

PlayerUnknown's Battlegrounds' comes to mobile
High-quality audio with 3D sound effects and 7.1 channel surround sound makes players feel like they are on the real battlefield . The Android version of the game requires Android 5.1.1 or above and at least 2 GB of RAM, according to the game's listing.

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It had relied heavily on OBCs in the assembly elections, and the OBC votes had played a crucial role in BJP's victory. The NDA allies had polled 43.3 per cent votes.

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TCU is the Big 12's automatic qualifier in the WNIT, while K-State and West Virginia will also participate in the tournament. The Lady Bulldogs still have a game plan, and that is to play in the national championship game for the second straight year.

Major Sensex gainers on Thursday were: Asian Paints, up 2.14 per cent at Rs 1,160.95; Mahindra and Mahindra, up 0.87 per cent at Rs 735.05; HDFC Bank, up 0.79 per cent at Rs 1,880.10; Coal India, up 0.66 per cent at Rs 295.50; and IndusInd Bank, up 0.52 per cent at Rs 1,742.35.

The index had lost 232.40 points in previous three sessions.

Gitanjali Gems stock continued its downturn, cracking 4.78 per cent to Rs 12.95. Japan's Nikkei was down 0.3 per cent.

Among other Asian markets, Hong Kong's Hang Seng and Japan's Nikkei was down by nearly a quarter of one percent. The Dow Jones Industrial Average closed down 248.91 points, or 1 per cent, at 24758.12, after opening higher.

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