You are here
Home > All Newspaper Editorials UPSC IAS > The Indian Express Editorials > BSE Sensex plunges further by 225 points, NSE Nifty touches 11-month low

BSE Sensex plunges further by 225 points, NSE Nifty touches 11-month low

The 30-share index, had lost 769.41 points in previous session, plunged further by 221.94 points. (AP)

The BSE benchmark Sensex tumbled by 225 points in late morning trade today on persistent selling pressure in banking, capital goods, auto, PSU and realty sectors triggered by further depreciation of rupee against the dollar.

Stocks: Top Gainers/Top Losers

The rupee hit a record low of 62.45 per dollar in the late morning deals today.

Foreign capital outflows continued to affect the market sentiment. Foreign institutional investors (FIIs) sold shares worth a net Rs 563.23 crore last Friday, as per provisional data from the stock exchanges.

The BSE-30 share index Sensex resumed lower at 18,587.38 points and dropped further to a low of 18,303.20 before quoting 18,373.17 at 1040 hours.

It showed a loss of 225.01 points or 1.21 per cent from its last weekend’s level.

The NSE 50-share barometer Nifty also fell by 86 points, or 1.56 per cent, to 5,421.85 at 1040 hours.

Search: India Inc A,B,C

Major losers were – M&M (4.94 pc), Bajaj Auto (4.63 pc), ICICI Bank (3.74 pc), Bharti Airtel (3.62 pc), Hero Motocorp (3.12 pc) and L&T (2.11 pc).

Most Asian stocks fell for a third straight day as worries about the Federal Reserve’s policy outlook and rising US Treasury yields weighed on sentiment.

Key benchmark indices in Hong Kong, China, South Korea and Taiwan were down by 0.08 to 3.79 per cent, while indices in Japan and Singapore rose by 0.02 to 0.35 per cent, respectively.

Market Eye

The Sensex falls around 200 points, while the Nifty falls 1.3 percent after marking its lowest intraday level in 11 months, extending Friday’s 4 percent slump as a record low of rupee weighs.

The rupee fell as much as 62.40 to the dollar in early trade, breaching the previous low of 62.03 hit on Friday as the government’s steps unveiled last week seemed inadequate to stall the currency’s fall.

… contd.

Please read our terms of use before posting comments

TERMS OF USE: The views expressed in comments published on are those of the comment writer’s alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.

error: Content is protected !!