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August 15, Wednesday 2018 1:27 AM       

       HEADLINES: Journalists assaulted at Jalandhar Bishop's house                                              Allu Arjun donates Rs 25 lakh to flood-ravaged Kerala                                              Rain fury: Schools to reamin closed in several areas                                              UDF MLAs, MPs to donate Rs 10,000 to relief fund                                              Two shutters of Cheruthoni dam closed                                              Monsoon rains, floods claim 776 lives in seven states; highest 187 dead in Kerala                                              Hajipur shelter home: DPO arrested                                              Anti-Sikh riots: Delhi HC to hear victims' appeals against Sajjan Kumar                                              Tributes paid to Karunanidhi at DMK meet                                              Simultaneous election right in theory but not possible now: Nitish Kumar                                              Erdogan says Turkey to 'boycott' US electronic goods                                              Kohli's plea to fans: Never give up on us                                              David Silva bids adieu to International football                                              13 players including Sanju Samsom served show-cause notice                                              Kaumudi Facebook
       BUSINESS Next Article: Sensex zooms 482 pts, Nifty tops 10,600; rupee recovers 13p  
       Sensex drops below 34K, Nifty loses over 1.5% amid global fall
 
         Posted on :14:24:21 Feb 9, 2018
   
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       Last edited on:14:24:21 Feb 9, 2018
         Tags: Sensex drops below 34K
 

MUMBAI: Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets.

The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points in the previous session.

All sectoral indices led by bankex, teck and IT slipped into the negative zone with losses of up to 1.76 per cent down.

The broad-based NSE Nifty was trading lower by 178.65 points, or 1.68 per cent, at 10,398.20.

Other Asian markets plunged up to 4.24 per cent after Wall Street routed for the second time this week on worries over rising US interest rates.

With the volatility continuing to hound equity markets, US index the Dow Jones Industrial Average plunged 4.2 per cent, the broad-based S&P 500 plummeted 3.8 per cent and the Nasdaq Composite Index sank 3.9 per cent.

Hong Kong's Hang Seng fell 3.62 per cent, Japan's Nikkei shed 3.22 per cent, while Shanghai Composite Index down 4.24 per cent in their late morning deals.

Back home, ICICI Bank dropped the most by 2.75 per cent, followed by ITC 1.9 per cent, HDFC 1.85 per cent, Axis Bank 1.66 per cent and Larsen and Toubro 1.6 per cent.

Infosys, TCS, Reliance, HDFC BankKotak Bank, SBI IndusInd Bank Hindustan Unileverand Bharti Airtel also dropped up to 1.5 per cent.

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       BUSINESS
Next Article: Sensex zooms 482 pts, Nifty tops 10,600; rupee recovers 13p
 
 
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