Top gainers and losers: BPCL, Shriram Finance, L&T major drag as NIFTY drops below 25,300; JSW Steel leads movers

Benchmark indices Sensex and Nifty dropped more than 2% to settle at around a three-week low on Thursday as investors preferred to book profits amid a flare-up in geopolitical concerns.

The 50-share Nifty tanked 546.80 points or 2.12 % to settle at 25,250.10, the lowest closing level since September 11. The index opened lower at 25,452.85 and stayed in the red during the session. The index hit a low of 25,230.30 in the preclose session.

BSE Sensex plunged by 1,769.19 points or 2.10% to settle at 82,497.10 with 29 of its components closing in the red. The index hit a low of 82,434.02 during the day.

An escalation in West Asia conflict with the launch of missile attacks by Iran on Israel spooked investors. FII outflows amid stimulus measures by China and rising US bond yields also impacted the sentiment.

In the broader market, Nifty Midcap Indices dropped over 2% while smallcap indices fell up to 2%. Among sectoral indices, Realty succumbed the most to profit taking, declining by 4.36%. Financial Services, Bank, Media and Auto indices also declined more than 2%.

BPCL, Shriram Finance, L&T major losers

JSW Steel and ONGC emerge as top NIFTY gainers