ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Sensex, Nifty tank on US-China trade standoff; RIL, Vodafone Idea, Indiabulls Real Estate stocks bleed

Sensex lost 323 points after closing at 38,276 levels while the 50-stock Nifty crashed 100 points after closing at 11,497 levels. The index Nifty Bank sank 330 points and close at 29,288. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Sensex, Nifty tank on US-China trade standoff; RIL, Vodafone Idea, Indiabulls Real Estate stocks bleed
The stock market investors should wait for one more day and see whether the market is able to regain the 11,500 plus levels or not. For now, the Nifty has 11,500-11,550 is a resistance. If it breaks that on tomorrow we can expect the recovery. Photo: PTI

Stock market of India witnessed heavy selloff losing early morning gains as the effect of US President Donald Trump's yesterday's tweet continue to hit global bourses. The BSE Sensex lost 323 points after closing at 38,276 levels while the 50-stock Nifty crashed 100 points after closing at 11,497 levels. The index Nifty Bank sank 330 points and close at 29,288. Reliance Industries or RIL, Vodafone Idea and Indiabulls Real Estate were among the major losing stocks in the intraday trade on Tuesday.

Speaking on the Indian indices Sebi registered technical equity analyst Simi Bhaumik said, "The stock market investors should wait for one more day and see whether the market is able to regain the 11,500 plus levels or not. For now, the Nifty has 11,500-11,550 is a resistance. If it breaks that on tomorrow we can expect the recovery otherwise the market can see some more correction and may slip into the 11,250 to 11,550 range."

Telecom stocks led the blood bath on Dalal Street as the telecom major Vodafone Idea crashed around 4.9 per cent, Tejas Networks share price dipped 4.1 per cent, OnMobile Global scrip went off 3.5 per cent, MTNL counter nosedived 2.8 per cent, Bharti Airtel stocks lost 2.8 per cent while GTPL Hathway share price perished around 5.5 per cent.

Energy stocks followed the blood bath as BSE Energy index lost 2.23 per cent in the intraday trade. Enerrgy major and Sensex heavyweight Reliance Industries or RIL share price crashed over 3 per cent, Asian Oilfield Services share price nosedived 6.3 per cent, BPCL counter lost around 2.9 per cent, Hindustan Petroleum Corporation or HPCL shares dipped over 3 per cent, Indian Oil Corporation or IOCL counter lost near 1.95 per cent, Jindal Drilling & Industries stocks went down near 2.1 per cent while Aegis Logistics share price slipped 1.2 per cent.

Realty stocks also had to witness heavy selloff pressure as the BSE Realty index lost around 1.3 per cent in the intraday trade. Realty major Indiabulls Real Estate share price crashed 6.26 per cent, DLF share price dipped 2.16 per cent, Godrej Properties stocks lost near 3.3 per cent, Housing Development & Infrastructure shares slipped 1.56 per cent, Sobha stocks went down 1.85 per cent while Sunteck Realty counter went southward near 0.8 per cent.

Asian stock also witnessed heavy selloff triggered yesterday after the US President Donald Trump's tweet that escalated the tension in Sino-US trade standoff. Japanese Nikkei 225 index crashed 1.6 per cent, South Korean Kospi dipped around 0.9 per cent, Hang Sang went up around half a per cent while the Shanghai index went northward near 0.7 per cent.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SensexNiftyNifty BankReliance IndustriesIndiabulls Real EstateVodafone Idea
Written By: ZeeBiz WebTeam
Updated: Tue, May 07, 2019
03:46 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Traders Guide: 10 things to know before market opens on Monday, January 30 – stocks in news, Q3 results and more Traders Guide: 10 things to know before market opens on Monday, January 30 – stocks in news, Q3 results and more
Market Capitalisation Update: Seven of top-10 BSE listed firms shed Rs 2.16 lakh cr; SBI, HDFC Bank among top losers Market Capitalisation Update: Seven of top-10 BSE listed firms shed Rs 2.16 lakh cr; SBI, HDFC Bank among top losers
Closing Bell: Sensex, Nifty, Bank Nifty tank as street gets nervous on Hindenburg report; Adani Enterprises crashes 18% Closing Bell: Sensex, Nifty, Bank Nifty tank as street gets nervous on Hindenburg report; Adani Enterprises crashes 18%
Sensex, Nifty to resume trading on Friday amid local, global triggers – here are 10 things to watch out for Sensex, Nifty to resume trading on Friday amid local, global triggers – here are 10 things to watch out for
Closing Bell: HDFC Bank, Reliance engineer market crash; Sensex falls 773 points, Nifty declines by 226 points Closing Bell: HDFC Bank, Reliance engineer market crash; Sensex falls 773 points, Nifty declines by 226 points

LATEST NEWS

Tech Mahindra Q3 Results Preview: Net profit likely at Rs 1,300 crore with 50 bps rise in margin

Pathaan box office collection: SRK starrer creates history, becomes highest gross opening weekend movie

Indian stock markets achieve complete transition to shorter T+1 settlement regime

Budget 2023: Govt may not come up with fresh divestment plans; likely to focus on privatisation of already announced PSU firms

Traders Guide: 10 things to know before market opens on Monday, January 30 – stocks in news, Q3 results and more

Apple's Emergency SOS via satellite saves two women stranded in Canada

Govt should hike assistance under PM-KISAN, give tax sops for agritech startups: Industry

Google Doodle celebrates Bubble Tea - check history, experiment, other details of this tea

Direct link established between Iranian, Russian banks: Official

Maruti faces semiconductor shortage, witnesses impact on production – here’s what company mulling as alternative

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV