Sensex drops more than 300 points, Nifty nearly 10,000; Yes, bank shares collapse by 10%

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Bank shares fell 10% to 178.55 Rs. "Title =" Yes Bank shares fell 10% to 178.55 Rs. "Clbad =" img-responsive "/> <p> Yes Bank shares fell 10% to 178.55 Rs. </p> </div> <p><b> New Delhi: </b> Indian stock markets have struggled today, tracking down fragile Asian markets: Senbad index fell more than 300 points, while Nifty was below the 10,050 mark. Bank shares fell 10% to 178.55 Rs Ujjivan Financial Services Ltd. fell 15%, while Equitas Holdings Ltd fell 17% after the Reserve Bank of India said that promoters of small financial banks had to register their banking units separately within three years of operation. </p> <p> The rupee fell slightly against the US dollar today, after the budget deficit widened and that global equity and currency markets have fallen. At 9:15, the national currency was trading at $ 73.43, down 0.21% from its Thursday close, 73.28. 73.43 a dol </p> <p> Asian stocks slid today after disappointing results from Alphabet Inc. and Amazon.com that have heightened concerns over US companies' earnings prospects , world trade and economic growth. The hesitant beginnings of the Asian markets took place despite Wall Street's overnight rally, spurred by the search for good deals and the positive results of Microsoft Corp. In Asia, the broadest MSCI Asia-Pacific equity market index outside Japan was down 0.69%. </p> <p> However, these gains were put in perspective as the shares of Amazon.com Inc. and Alphabet Inc fell sharply after the closing bell of the disappointing results. As expected, Nasdaq futures dropped by 1% and S & P E-mini futures by 0.8%, highlighting concerns about US company profits. and the prospects for the economy, which caused a dip on Wall Street on Wednesday and plunged world markets into vertigo. . </p> <p> Global markets have been swept away in recent trading sessions amid worries over global growth as investors worried about US-China trade frictions, mixed profits from US companies, rate increases by the Federal Reserve and Italian budget difficulties. The slowdown in China has been particularly worrying for policymakers and investors as badet markets have shifted from equities to currencies and commodities. </p> <p> Investors will have the opportunity to check the pulse of the US economy on Friday later when the government releases its GDP data for the third quarter. </p> <p> Oil prices have fallen behind after the rise previously made by the Saudi energy minister, according to which interventions may be needed to reduce oil stocks. US crude plunged 0.74% to 66.83 dollars a barrel. Brent crude fell 0.49% to $ 76.51 a barrel. </p> <p> <i> With the entries of the Agency </i></p> <div clbad= First published: Fri., Oct. 26, 2018. 09:29 IST
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