Black Friday: Sensex plummets over 1,000 points; Nifty50 breaks below 8,000

The S&P BSE Sensex plunged over 1,000 points in trade on Friday as EU referendum decisively favours ‘leave’ campaign. The fall in the index was led by losses in Tata Motors, ICICI Bank, Infosys, HDFC, HDFC Bank.

The Nifty50 slipped below its crucial support level of 8000 weighed down by losses in realty, power, metal, consumer durable, and banking stocks.

UK’s vote to exit European Union knocked off nearly Rs 4 lakh crore from the investors’ wealth in Indian stock m ..

The 30-share index was trading at 26217, down 784 points or 2.9 per cent. It touched a high of 26,367.48 and a low of 26,053.68 in morning trade.

The Nifty50 was trading at 8013.15 down 257 points or 3.1 per cent. It touched a high of 8,029.10 and a low of 7,976.30 in the first 30 minutes of trade.

The S&P BSE Midcap Index was down 2.5 per cent and BSE S&P Smallcap Index was trading 3.2 per cent lower.

Tata Motors (down 7.4 per cent), Tata Steel (down 5.6 per cent), ICICI Bank (down 5.5 per cent), Axis Bank (down 3.8 per cent), and Maruti Suzuki (down 3.7 per cent) were the major index losers.