Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 20, Tuesday 2018 7:12 PM       

       HEADLINES: SC likely to hear Priya Varrier's plea today                                              Youth commits suicide by jumping into backwater                                              CM doesn’t relent, Private bus operators finally give up strike                                              CPM has turned into terror group: Chennithala                                              No intention to reveal name of minister who kissed my palm: Former PRD official                                              All Lights India International Film Festival (ALIIFF) 2018: Entries invited                                              I'm in politics because AIADMK is bad: Kamal Haasan                                              AAP MLAs allegedly assault Delhi Chief Secretary in CM’s presence                                              Kothari not detained, but being questioned: CBI                                              Regime forces kill 77 in Syria                                              Explosion in Jalalabad kills three                                              Khaleda Zia case: No trust existed when grant came in 1991                                              Sardar Singh to lead India in Sultan Azlan Shah Hockey Cup                                              I-League: Minerva face daunting task against Gokulam                                              Federer starts fourth stint as World No.1                                              Kaumudi Facebook
       BUSINESS Next Article: Rupee wobbles on global tensions, dives 21 paise to 63.84  
       Sensex closes at 1-mth low, hit by losses for 4th day
 
         Posted on :18:25:41 Aug 10, 2017
   
A A
       Last edited on:18:25:41 Aug 10, 2017
         Tags: Sensex closes at 1-mth low, hit by losses for
 

MUMBAI: The muscle-flexing by the US and North Korea ratcheted up global worries and made investors a lot more anxious Thursday, with the Sensex crashing 267 points to a one-month low and the Nifty below 9,900.

Both snapped back into loss for the fourth straight day.

The Korean peninsula pot kept boiling as North Korea upped the ante, defying the US President's "fire and fury" warning and threatening to strike its military base in Guam.

The markets have already been downbeat reeling under the regulatory clampdown after Sebi's Monday directive imposing trading restrictions on suspected shell companies.

After opening lower, the Sensex recovered, but only to slip again to hit a low of 31,422.80 before settling down 266.51 points, or 0.84 per cent, at 31,531.33. The level was last seen on July 7 when it ended at 31,360.63.

The gauge had lost 527.57 points in the previous three sessions.

The Nifty ended the day at 9,820.25, down 87.80 points, or 0.89 per cent.

Lower-than-expected earnings by Tata Motors, Eicher Motors and a few others soured risk appetite. Tata Motors emerged as the top loser among Sensex constituents by slumping 8.60 per cent after the company's June quarter earnings failed to meet market expectations.

"We believe that it is a moderation within the bull phase due to geo-political tension... Additionally, domestic confidence has fallen given Sebi's action over shell companies while a slowdown in business growth will lead to downgrade in earnings forecast for the next 1-2 quarters," said Vinod Nair, Head of Research, Geojit Financial Services.

Sentiment remained depressed, largely in sync with weak Asian markets and a lower opening in Europe. Market has been going through a consolidation phase after hitting life highs last week.

Other Sensex losers were Dr Reddy's, Sun Pharma, Cipla, SBI, Lupin and PowerGrid, falling up to 4.77 per cent.

However, software exporters such as Infosys, Wipro and TCS emerged unscathed with gains, after the rupee weakened against the dollar, helping the BSE IT index close in the green by rising 0.63 per cent.

The BSE realty index tanked the most, plunging 5.12 per cent. Healthcare, auto and power followed.

Small-cap and mid-cap indices too fell by 2.90 per cent and 2.64 per cent, respectively, on dilution of exposure by retail investors.

A A
       BUSINESS
Next Article: Rupee wobbles on global tensions, dives 21 paise to 63.84
 
 
BUSINESS HEADLINES
Rotomac case: IT dept. attaches 14 bank accounts  
Lakme Fashion Week, WeWork kickstart fashion Incubation program  
Finway Capital empowers borrowers with easy access to funds  
Rajesh Kakkar is offshore director of ONGC  
Glitches in GSTN remain cause of concern  
Post bank scams, Sensex tanks 462.10pts  
'Maharashtra has great business potential'  
Sensex drops 195 pts, Nifty below 10,400  
Reliance to invest 60,000 cr in Maharashtra  
Retailers accused of levying GST over MRP  
Citizens urge reduction of GST on sanitary napkins  
India, Iran sign double taxation pact  
Refer to these fintech startups for range of medical loans  
SBI launches Global NRI Center to enhance customer experience  
Nifty drops 93 points, ends below 10,500  
Will ask visually challenged to examine new notes: HC  
US dollar ends higher against rupee  
Controversial Economist predicts that India could dethrone western wealth and power  
TCS launches Enterprise Data Lake on Amazon Web  
Budget 2018: Arun Jaitley's education reforms pave way for quality education  
Sensex rises over 200 points, Nifty near 10600  
Sensex extends rally, rises 173 pts on positive macro data  
PM woos investors at Oman-India business meeting  
No change in foodgrain prices  
Punjab National Bank detects $1.77 billion worth of fraudulent transactions, CBI probe ordered  
 
Do you think the arrested persons in Shuhaib murder case are real culprits?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy