| Log in
Reuters

Sensex back in the red, plummets 318 points

By PTI
26 August, 2015

After taking a day’s breather, the benchmark BSE Sensex fell into correction today as it tumbled by 317.72 points to 25,714.66 — its fourth fall in last five sessions — as fresh steps by the Chinese government to stabilise economy failed to revive market sentiment.

Participants also chose to book profits on account of August derivatives expiry tomorrow.

Heavy selling was seen in banking, healthcare, FMCG, IT, oil&gas, capital goods, auto, PSU and consumer durable stocks.

The broader NSE Nifty cracked the crucial 7,800-level.

China’s central bank had yesterday cut interest rates and slashed the amount of money banks need to hold in reserve to bolster its economy and end the stock market rout.

“… the same sent pessimistic signals about the Chinese economy to the world markets,” said Satya Prakash Goel Director of Bonanza Portfolio.

Consequently, Shanghai Composite index ended 1.27 per cent lower, while European stocks were down in morning deals.

The BSE 30-share index after rising to 26,156.61 points in early trade slipped into the negative zone and dipped below the 26,000 level to touch a low of 25,657.56 before ending 317.72 points or 1.22 per cent down at 25,714.66.

The index had risen by 290.82 points yesterday after the government said it is considering reconvening a special session of Parliament for passage of the stalled GST bill.

The 50-issue NSE Nifty cracked the 7,800-mark by tumbling 88.25 points or 1.13 per cent to 7,791.85.

BSE banking index fell the most by losing 1,68 per cent, followed by healthcare 1.14 per cent, oil&gas (0.98 pc), FMCG (0.96 pc), IT (0.96 pc) and capital goods (0.91 pc).

Gaurav Jain Director of Hem Securities said: “Continued fall in commodity prices and sell-off by the worried investors triggered the fall in equities worldwide.” 

Among the 30-Sensex stocks, 18 ended lower.

Small-cap index, however, continued its upward journey and ended 0.16 per cent higher, while mid-cap shed 0.79 per cent.

Meanwhile, foreign investors sold shares worth Rs 2,080.01 crore yesterday, as per provisional data.


Leave Your Comment
Sensex falls on global worries, Cognizant’s muted guidance

Sensex falls on global worries, Cognizant’s muted guidance

PTI 2 years ago
Extending its losing run for a second straight day, the BSE Sensex slumped by....
Sensex surges 565 points on hopes Fed will delay rate hike

Sensex surges 565 points on hopes Fed will delay rate hike

PTI 2 years ago
Tracking firm global cues, the market benchmark Sensex today closed at one and a...
Markets tank again

Markets tank again

PTI 2 years ago
The slide show is back for markets as the benchmark BSE Sensex tanked over 562...
No Comments

Sensex back in the red, plummets 318 points

Powered by WordPress.com VIP