Indian stock indices fell more than one percent on Thursday after a rebound seen in the previous session following Donald Trump’s victory in the 2024 US elections. The two frontline indices, Sensex and Nifty 50, crossed higher by 1% each on November 7 in a context of strong sales. at all levels.

At 10:35 am, the Sensex plunged 876.39 points, or 1.09%, to trade at 79,501.74, while the Nifty 50 was down 301.00 points, or 1.23%, at 24,183.05. During the session, the Sensex lost 959 points to hit an intraday low of 79,419.34, while the Nifty 50 fell 302 points to hit a low of 24,181.95.

Broader markets also weighed, with the Nifty Midcap 100 and Nifty Smallcap 100 indices down half a percent each. Among the sectoral indices, Nifty Metal, Nifty Pharma, Nifty Auto, Nifty IT and Nifty Private Bank bled the most.

On the Nifty 50, except Apollo Hospitals and Tata Steel, all other components of the index were trading in the red. Hindalco Industries, Adani Enterprises, Grasim Industries, Bajaj Finserv and Ultratech Cement were among the top losers in the Nifty 50.