GET Stock QuotesNews18 APP
News18 English
»
1-min read

Mayhem at Dalal Street as Sensex Crashes 850 Points, Nifty Below 10,600

Brokers said weakness was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here.

News18.com

Updated:October 4, 2018, 1:20 PM IST
facebookTwittergoogleskypewhatsapp
Mayhem at Dalal Street as Sensex Crashes 850 Points, Nifty Below 10,600
Representative image
Loading...
Mumbai: The BSE benchmark Sensex plummeted over 800 points in afternoon session on Thursday as rupee sank to another low amid boiling crude prices, weak global cues.

The rupee plunged to a new low of 73.81 against the dollar, while the international benchmark Brent crude breached the US 86 per barrel level, nearing its four-year high.

The BSE 30-share barometer pared some losses and was trading at 616.15 points, or 1.71 per cent, lower at 35,359.48 at 1245 hrs.

The gauge had lost nearly 550 points in the previous session Wednesday.

The NSE Nifty index too fell 213.15 points, or 1.96 per cent, to 10,645.10. Volatility index India VIX also surged 6 per cent.

All sectoral indices were trading in the red, with IT, auto, pharma, banking and realty stocks witnessing most losses.

Top laggards include Reliance Industries, Hero MotoCorp, TCS, IndusInd Bank, Adani Ports, HDFC Bank, Infosys, HUL, Asian Paints, HDFC and Bajaj Auto, falling up to 6 per cent.

While, Yes Bank was the top gainer, rising up to 2.18 per cent.

According to analysts, the equity benchmark indices have fallen nearly 10 per cent from peak levels attained in August, led by weak domestic sentiments, global uncertainties, depreciating rupee and strengthening crude oil prices.

With rupee and crude oil showing no signs of stability, weakness is likely to continue in the coming sessions, they said.

Brokers said volatility was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here.

Elsewhere in Asia, Hong Kong's Hang Seng, Japan, Singapore and Taiwan were trading sharply lower by falling up to 2 per cent.

The US Dow Jones Industrial Average, however, ended 0.20 per cent higher Wednesday.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,101.30 -4.34
Indiabulls Hsg 653.80 -17.10
Dewan Housing 210.55 -10.75
Yes Bank 217.90 -6.04
Bajaj Finance 2,140.50 -0.47
Company Price Change %Gain
Sudarshan Chem 385.05 2.64
Indiabulls Hsg 654.25 -17.06
Reliance 1,101.65 -4.11
Dewan Housing 211.80 -10.37
Yes Bank 217.70 -6.06
Top Gainers
Company Price Change %Gain
HPCL 215.90 4.15
Sun Pharma 609.95 2.78
Kotak Mahindra 1,198.95 1.95
Bharti Infratel 264.45 1.71
Vedanta 211.10 1.51
Company Price Change %Gain
Sun Pharma 608.40 2.52
Kotak Mahindra 1,199.55 1.83
Vedanta 211.15 1.51
HUL 1,579.20 1.16
ITC 288.45 0.73
Top Losers
Company Price Change %Gain
Indiabulls Hsg 653.80 -17.10
HCL Tech 958.50 -6.42
Yes Bank 217.90 -6.04
HDFC 1,660.25 -4.46
Reliance 1,101.30 -4.34
Company Price Change %Gain
Yes Bank 217.70 -6.06
HDFC 1,661.30 -4.32
Reliance 1,101.65 -4.11
Hero Motocorp 2,711.00 -3.70
Infosys 682.60 -3.11

Live TV

Loading...
Loading...