• Source:JND
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Stock Market: The benchmark BSE Sensex plunged by nearly 700 points to close below the 79,000 level on Tuesday, extending losses for the second straight day amid selling pressure in HDFC Bank, SBI and ITC amid fresh foreign capital outflows.

The 30-share BSE Sensex ended 692.89 points, or 0.87 per cent, lower at 78,956.03. During the day, it tumbled 759.54 points, or 0.95 per cent, to 78,889.38.

The NSE Nifty fell 208 points, or 0.85 per cent, to 24,139. Among the 30 Sensex firms, HDFC Bank tanked by over 3 per cent. Tata Steel, Bajaj Finance, State Bank of India, Tata Motors, Power Grid and JSW Steel were the other laggards.

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Titan, Nestle, Sun Pharma, HCL Tech, Reliance and Mahindra & Mahindra were the top gainers. European markets were mostly trading in the green. U.S. markets ended on a mixed note on Monday.

Foreign institutional investors turned net sellers on Monday after a day's breather, offloading shares worth Rs 4,680.51 crore, as per exchange data.

Meanwhile, retail inflation fell to a five-year low of 3.54 per cent in July, mainly due to softening of food prices and base effects, according to government data released on Monday. India's industrial output contracted to a five-month low of 4.2 per cent in June 2024, mainly on account of poor performance in manufacturing, even as power and mining sectors continued to perform well, as per official data released on Monday.

Brent crude, the global benchmark, fell 0.35 per cent to USD 82.01 per barrel. The BSE benchmark had closed 56.99 points, or 0.07 per cent, lower at 79,648.92 on Monday. The Nifty had declined 20.50 points, or 0.08 per cent, to 24,347.

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(With PTI's Input)