Mumbai, Oct 21 (FN Bureau) Extending losses for the third straight session on Thursday, the Sensex dropped 336.46 points to settle at 60,923.50 on heavy selling in IT, Technology, Energy and Consumer Discretionary Goods and Services stocks amid Asian Market. The Nifty of National Stock Exchange (NSE) too fell by 88.50 points at 18,178.10. With this, the Sensex has slumped 1141 pts in three sessions. The equity market witnessed high volatility on Thursday, as the Sensex opened up 298 points at 61,557.94. It was rallied by 362 points at 61,621.20 points, the days high. Later, it was crashed nearly 774 points at 60,485.60, days low, before settling at 60,923, down 336.46 points from its previous close. The Sensex registered the days high and low at 61,621.20 and 60,485.65 points respectively.
The Nifty recorded the days high and low at 18,384.20 and 18,048 points respectively. The sectoral indices like IT, Technology, Energy and Consumer Discretionary Goods and Services stocks kept the market under pressure toon Thursday Seeing scrips, Asian Paints was a major loser, dropped by more than 5 per cent followed by Reliance Industries, Infosys, Dr Reddy’s Lab and Tata Steel . However, buying in Kotak Bank, HDFC, SBI and NTPC capped further losses, brokers informed. The Mid Cap fell by 0.38 per cent and Small Cap by 0.69 per cent. In 30 scrips, 9 advanced while 21 declined. Asia, Japan’s Nikkei slid 1.8 per cent to 28,725 and Hang Seng too fell nearly a per cent. China Shanghai Composite, Straits Times and Kospi were down 0.1-0.3 per cent each, while the S&P/ASX 200 and Taiwan Weighted indices were flat. European markets have kicked-off trade on a marginally note cues in the backdrop of negative cues from the US futures. The FTSE 100 was down 0.3 per cent, while the CAC 40 and DAX 30 were down 0.2 per cent in early trade.