NEW DELHI: The fairness indices on Thursday crashed just about 350 points amid global rout in the markets. The benchmark BSE Sensex plunged 344 points to end at 33,690, while the wider NSE Nifty closed underneath the 10,150-mark.
The BSE index lost greater than 1 per cent and the NSE platform fell via 0.98 per cent.
Bharti Airtel, Vedanta, Adani Ports, Yes Bank and Tata Motors have been some of the major losers on BSE with their stock falling as much as 7.18 per cent. On the NSE index, aprt from Nifty IT, the entire sub-indices tracked losses, declining as much as 2.37 per cent.
Asian stocks plunged after tech stocks brought about the biggest daily decline on Wall Street since 2011 in the earlier session, wiping out all its features for the yr.
Factors starting from quicker rate hikes in the United States to an ongoing China-US industry battle that threatens to hurt global enlargement have endured to make traders jittery.
“The fall in the USA market is likely a results of fears round slowing economic process in the United States,” mentioned Sunil Sharma, leader investment officer with Sanctum Wealth Management.
Investors have been additionally wary ahead of the expiry of derivatives contracts. The rupee weakening against the USA greenback via 19 paise to 73.35 in the early industry additionally dampened the sentiments.
(With inputs from businesses)
The BSE index lost greater than 1 per cent and the NSE platform fell via 0.98 per cent.
Bharti Airtel, Vedanta, Adani Ports, Yes Bank and Tata Motors have been some of the major losers on BSE with their stock falling as much as 7.18 per cent. On the NSE index, aprt from Nifty IT, the entire sub-indices tracked losses, declining as much as 2.37 per cent.
Asian stocks plunged after tech stocks brought about the biggest daily decline on Wall Street since 2011 in the earlier session, wiping out all its features for the yr.
Factors starting from quicker rate hikes in the United States to an ongoing China-US industry battle that threatens to hurt global enlargement have endured to make traders jittery.
“The fall in the USA market is likely a results of fears round slowing economic process in the United States,” mentioned Sunil Sharma, leader investment officer with Sanctum Wealth Management.
Investors have been additionally wary ahead of the expiry of derivatives contracts. The rupee weakening against the USA greenback via 19 paise to 73.35 in the early industry additionally dampened the sentiments.
(With inputs from businesses)
Markets end in red: Sensex crashes nearly 350 pts
![Markets end in red: Sensex crashes nearly 350 pts]()
Reviewed by Kailash
on
October 25, 2018
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