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February 22, Thursday 2018 2:45 PM       

       HEADLINES: Kerala initiates NRI chit funds; Centre approves online auction                                              Body of woman found under suspicious circumstances                                              Fire at Kochi refinery                                              Shuhaib murder: Will respond during state meet, says Yechury                                              Party offices, houses destroyed: Bomb attack in Kannur                                              Meet Avani Chaturvedi: First Indian woman to fly fighter jet                                              Medical reports show injury on Delhi Chief Secretary                                              India ranks 81st in global corruption perception index                                              Khalistani terrorist invited for Trudeau reception                                              Santosh Trophy final phase to kick-off in Kolkata                                              Centurion T20I: Match washed out, Indian eves hold the lead                                              Centurion T20I: Proteas win toss, put India to bat first                                              Kaumudi Facebook
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       Sensex losses mount, slips below 35,000 in opening trade
 
         Posted on :10:19:29 Feb 5, 2018
   
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       Last edited on:10:19:29 Feb 5, 2018
         Tags: Sensex slips below 35,000 in opening trade
 

MUMBAI: The BSE Sensex dipped below the 35,000-level by plunging around 546 points in opening trade Monday on heavy losses in metal, realty, capital goods, banking and oil & gas stocks amid a global rout in equity markets.

The BSE 30-share barometer tanked 545.95 points, or 1.55 per cent, to 34,520.80. The gauge had lost 1,216.50 in the previous four sessions following imposition of long-term capital gains of 10 per cent on equities in the Budget 2018.

All sectoral indices led by realty, metal, capital goods, healthcare and bankex were trading in the negative terrain, falling by up to 3.47 per cent.

The NSE Nifty was trading down by 173.80 points, or 1.61 per cent, at 10,586.80.

Asian markets dropped over 1 per cent following deep losses on Wall Street last week after a strong US jobs report and rising Treasury yields fanned fears of interest rate hike quicker than thought.

The laggards were Yes Bank, HDFC Ltd, SBI, Axis Bank, Hero MotoCorp, Bajaj Auto, Tata Steel, Hind Unilver, L&T, M&M, Adani Ports, Kotak Bank and RIL, falling by up to 3.89 per cent.

In the Asian region, Hong Kong's Hang Seng fell 1.82 per cent, Japan's Nikkei shed 2.43 per cent, while Shanghai Composite Index down 0.33 per cent in their late morning deals.

The US Dow Jones Industrial Average ended 2.54 per cent lower on Friday.

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       BUSINESS
Next Article: Singtel to invest Rs. 2.6cr in Bharti Telecom
 
 
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