Market Highlights: Sensex crashes 555 factors, Nifty ends under 17,650; Metals, pharma, realty crack

Share/Stock Highlights: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) reversed their morning beneficial properties and ended almost 1 per cent decrease on Wednesday amid a last-hour cross-sector selloff.
The S&P BSE Sensex crashed 555.15 factors (0.93 per cent) to finish at 59,189.73 whereas the Nifty 50 slipped 176.30 factors (0.99 per cent) to settle at 17,646.00. Both the indices had opened increased earlier within the day and traded within the optimistic territory all through the morning session earlier than erasing their beneficial properties and slipping into the pink in direction of the afternoon.
On the BSE benchmark, IndusInd Bank was the highest loser of the day adopted by Tata Steel, Bajaj Auto, HCL Technologies, Sun Pharmaceutical Industries, Reliance Industries (RIL), Titan Company, Tech Mahindra, State Bank of India (SBI) and ITC. On the opposite hand solely HDFC Bank was a reputable gainer with over a 1 per cent rise.
Among the sectoral indices on NSE, the Nifty Metal index crashed 2.98 per cent dragged by National Aluminium Company, Vedanta and Hindalco Industries. Apart from this, Nifty Pharma index fell 1.87 per cent weighed by Abbott India and Gland Pharma. The Nifty Realty too slipped 1.62 per cent resulting from a fall in Indiabulls Real Estate and Prestige Estates Projects.
In the broader market, the S&P BSE MidCap ended at 25,374.16, down 314.51 factors (1.22 per cent) whereas the S&P BSE SmallCap settled at 28,693.00, down 158.62 factors (0.55 per cent). The volatility index or India VIX rose 5.70 per cent to 17.3325.
(with inputs from businesses)