An evening walk down Dalal Street | October 3, 2018

Moneycontrol News

Bears gradually tightened their grip on Dalal Street on Wednesday as the Sensex plunged more than 600 points intraday and the Nifty closed below 10,900 levels. Weakening rupee and rising crude oil prices raised possibility of another rate hike in Monetary Policy Committee's three-day meeting which began today.

All sectoral indices ended in the red barring Metals that gained 1.8 percent. Bank, Auto, FMCG, IT and Financial Service indices were down between 1 percent and 3 percent.

The 30-share BSE Sensex lost 550.51 points or 1.51 percent to 35,975.63 but the market breadth remained positive throughout the session. About 1,451 shares advanced against 1,187 declining shares on the BSE due to buying in select smallcaps. The BSE Smallcap index gained 0.2 percent whereas Midcap lost 1.1 percent.