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    Market ends at six-month lows amid global equity sell-off; Nifty holds 10,100

    Market ends at six-month lows amid global equity sell-off; Nifty holds 10,100

    Market ends at six-month lows amid global equity sell-off; Nifty holds 10,100
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    By Ajay Vaishnav   IST (Updated)

    The BSE Sensex and the NSE Nifty50 ended Thursday's trading session at over 6 month closing lows. The Sensex ended below 33,700, while the Nifty managed to hold 10,100, after falling below the level intra-day.
    HDFC, HDFC Bank and Bharti Airtel contributed 40 percent in Nifty's fall. Wipro shares ended 3 percent higher to close above a 50-day moving average after posting better-than-expected Q2 earnings.
    Oriental Bank of Commerce shares also jumped 6 percent after seeing a sharp reduction in slippages. Weak Q2 earnings dragged Maruti Suzuki shares with the stock slipping 2 percent from the day's high.
    Ten out of 12 Nifty Bank stocks closed lower with HDFC Bank and SBI being the top losers. Market breadth remains in favour of declines with the NSE advance-decline ratio at 1:2.
    (Market update as of 3.45 pm)
    Market extends losses amid global equity sell-off; Nifty breaches 10,100
    The Indian market extended losses on Thursday in sync with equity meltdown across global markets and ahead of the expiry of October series derivatives contract.
    The Sensex traded at 33,657.86, down by 376 points at 12.48 pm, while the Nifty was at 10,102.35, lower by 122.40 points.
    The Sensex has ranged between a high of 33,808 and a low of 33,553, after starting at 33,778. While the Nifty breached 10,100 for the first time since March 28, 2018.
    Broader markets also fell sharply with the Nifty MidCap dipping 1.54 percent and the BSE MidCap dropping 1.16 percent. As many as 41 sectors declined with BSE Realty leading with 3 percent losses. Only Nifty IT and BSE IT traded in the green, marginally up.
    Shares of Wipro, Bharti Infratel, TCS, HCL Technologies, Asian Paints, M&M and ONGC rose by up to 2.78 percent, while Indiabulls Housing Finance, Hindalco, Vedanta, Bharti Airtel, Adani Ports, ICICI Bank and SBI shares declined by up to 7.51 percent.
    In the currency market, the rupee traded at 73.31 against the US dollar. It had opened weaker at 73.34 against the greenback.
    Asian markets tumbled tracking deep cuts on Wall Street overnight. Hang Seng plunged 1.54 percent, while Japan's Nikkei slumped nearly 4 percent, falling by more than 800 points in trade.
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