Sensex tumbles 645 points amid selling in IT, oil & FMCG shares

Mumbai: Benchmark Sensex declined by nearly 645 points while Nifty retreated to 24,600 level due to selling in IT, oil and FMCG shares amid a global equity rout triggered by surging bond yields and US debt concerns.

The 30-share BSE Sensex tanked 644.64 points or 0.79 per cent to settle at 80,951.99 with 27 of its constituents ending lower. The NSE Nifty tumbled 203.75 points or 0.82 per cent to 24,609.70.

From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards.

IndusInd Bank, Bharti Airtel and UltraTech Cement were the gainers.

The BSE midcap gauge declined 0.33 per cent while smallcap index went up by 0.17 per cent.

Among sectoral indices, energy dropped the most by 1.25 per cent, followed by FMCG (1.25 per cent), BSE Focused IT (1.19 per cent), oil & gas (1.13 per cent), IT (1.09 per cent) and auto (0.87 per cent). Telecom and services were the gainers.

As many as 2,178 stocks declined while 1,741 advanced and 167 remained unchanged on the BSE.