GET Stock QuotesNews18 APP
News18 English
»
1-min read

Sensex Dives 288 Points; Nifty Slips Below 11,400 in Early Trade

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally

PTI

Updated:August 13, 2018, 10:13 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Dives 288 Points; Nifty Slips Below 11,400 in Early Trade
Representative Image
Loading...
Mumbai: The BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade of Monday on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, traders said.

The BSE 30-share barometer tanked 288.16 points, or 0.76 per cent, to 37,581.07. The gauge had lost 155.14 in the previous session.
Sectoral indices led by PSU, metal, infrastructure, power, oil & gas, auto, capital goods, realty and consumer durables were trading in the negative terrain, falling by up to 1.43 per cent.

The NSE Nifty was trading down by 83.75 points, or 0.73 per cent, at 11,345.75.

The laggards were Vedanta, Tata Motors, NTPC, HDFC, Power Grid, RIL, ONGC, ICICI Bank, HDFC Bank, Tata Steel, Maruti Suzuki, Asian Paints, Yes Bank, Adani Ports, Kotak Bank, Yes Bank and L&T, falling up to 3.98 per cent.

Foreign funds sold shares worth Rs 510.66 crore, while domestic institutional investors bought equities worth Rs 457.83 crore on Friday, provisional data showed.

Asian shares tumbled after investor sentiment took a hit amid the slump in the Turkish currency, lira, on geopolitical developments.

In the Asian region, Hong Kong's Hang Seng fell 1.44 per cent, Japan's Nikkei shed 0.83 per cent, while Shanghai Composite Index dipped 0.94 per cent in their late morning deals.

US stocks dropped on Friday, triggered by fears over the sell-offs in the lira after US President Donald Trump said he had approved the doubling of metal tariffs against Turkey on Friday.

The US Dow Jones Industrial Average ended 0.77 per cent lower on Friday.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 226.50 -92.70 -29.04
Dewan Housing 350.55 -260.00 -42.58
Reliance 1,217.50 +6.75 +0.56
Axis Bank 599.20 -9.60 -1.58
Tata Steel 625.15 +3.95 +0.64
Company Price Change %Gain
Dewan Housing 351.55 -259.05 -42.43
Yes Bank 227.05 -91.45 -28.71
Maruti Suzuki 8,039.55 -167.45 -2.04
Indiabulls Hsg 1,061.90 -94.60 -8.18
Oracle Fin Serv 4,031.30 -71.85 -1.75
Top Gainers
Company Price Change %Gain
Bharti Infratel 281.20 +10.30 +3.80
BPCL 376.50 +11.45 +3.14
IOC 158.15 +4.60 +3.00
HPCL 258.00 +6.65 +2.65
Hindalco 240.40 +4.75 +2.02
Company Price Change %Gain
ONGC 180.10 +3.45 +1.95
Wipro 337.35 +4.60 +1.38
ITC 303.75 +4.10 +1.37
TCS 2,103.80 +26.90 +1.30
Asian Paints 1,303.10 +13.75 +1.07
Top Losers
Company Price Change %Gain
Yes Bank 226.50 -92.70 -29.04
Indiabulls Hsg 1,062.15 -97.10 -8.38
Bajaj Finance 2,379.40 -120.15 -4.81
Tech Mahindra 738.05 -31.90 -4.14
UPL 665.80 -26.50 -3.83
Company Price Change %Gain
Yes Bank 227.05 -91.45 -28.71
Kotak Mahindra 1,179.65 -47.35 -3.86
Adani Ports 362.00 -10.95 -2.94
IndusInd Bank 1,761.70 -42.90 -2.38
Maruti Suzuki 8,039.55 -167.45 -2.04

Live TV

Loading...
Loading...