Sensex loses more than 400 points, Nifty below 10,200 in global sales



[ad_1]

On Thursday, the Senbad dropped more than 400 points to below 34,000 at the start of the session, largely in line with the collapse of other Asian markets, as a result of sudden losses on Wall Street and a new weakness in rupee.

Senbad reached a day low of 33,553 down 480 points, Nifty dropped 145 points to 10,079.

Vedanta (4.46%), Adani Ports (4.06%) and Bharti Airtel (3.69%) were the main losers of Senbad. [19659002] On 30 Senbad shares, 21 traded in the red.

At the same time, the rupee fell 12 yen to settle at 73.28 against the US dollar at the start of trading today, in a context of cash outflows from the United States. # 39; abroad. The currency that closed at the peak of its three weeks at 73.16 against the US currency yesterday opened down to the level of 73.33 today.

The currency has lost 14% since the beginning of this month.

Brokers have said that negative signals from other Asian stock markets after the fall of the US markets on Wednesday, causing a sharp drop in technology stocks and concern about corporate profits, led to a sell mbadive in domestic markets.

Wipro (3.19%), TCS (0.78%) and M & M (0.57%) were the main winners of Senbad.

The shares of mid-cap and small-cap companies also fell, with indices falling by 1.19% and 1.42% respectively.

Market width was negative, with 630 values ​​closing higher than 1613 (BSE).

World Markets

Asian stocks slid Thursday after another rush of sales on Wall Street dropped the Dow Jones Industrial Average by more than 600 points, erasing its gains for the first time. 'year.

Japan's Nikkei 225 index fell sharply in the open air. In the early afternoon, it was down 3.3% to 21,369.48. The Shanghai Composite index slid 1.4% to 2,566.21 and the Hang Seng Hong Kong index slipped 1.8% to 24,794.60.

The S & P 500 lost 3.1% to 2,656.10 and lost about 9.4% from its peak of September 20th. Dow plummeted 2.4% to 24,583.42. The Russell 2000 index of shares of small companies has yielded 4.4% to reach 1,468.70, up 3.8%

Disappointing quarterly results and outlook are fueling concerns investors in the face of future growth in corporate profits. Bond prices rose, causing yields to fall, with traders looking for safe havens.

[ad_2]
Source link