Sensex losses mount on global sell-off, dives 336 pts
The BSE Sensex slumped over 336
points and the NSE Nifty slipped below the 9,800-mark in early
trade today following global sell-off triggered by mounting
geo-political tensions between the US and North Korea.
Besides, caution ahead of IIP data for June due later in
the day too weighed on the sentiments.
The BSE 30-share barometer tanked 336.46 points, or 1.06
per cent, to 31,194.87.
It had tumbled 794.08 points in the previous four
sessions hit by sliding global sharers due to stand-off
between the US and North Korea, and market regulator Sebi's
directive imposing trading restrictions on suspected 331 shell
All sectoral indices led by infrastructure, capital
goods, realty, auto, metal and healthcare were in the red.
Also, the NSE Nifty was trading down by 115.90 points, or
1.18 per cent, at 9,704.35.
Brokers said that apart from continuous selling by
investors and sustained foreign fund outflows, deep losses at
other bourses and the US markets as investors reacted with
dismay to escalating North Korea tensions led to a further
slide in the Sensex.
In addition, weakness in the rupee against the American
currency too weighed on the sentiment.
The rupee fell 19 paise to 64.27 against the dollar in
early trade at the forex market.
Major losers that dragged down the key indices were Tata
Motors, L&T, Sun Pharma, Cipla, ONGC, Dr Reddy's, Asian Paint,
Hero MotoCorp, ICICI Bank, Tata Steel, Coal India and Maruti
Suzuki, declining up to 2.87 per cent.
Hong Kong's Hang Seng fell 1.59 per cent, while Shanghai
Composite Index plunged 1.30 per cent in early trade today.
Financial markets in Japan are closed today for a public
The US Dow Jones Industrial Average tumbled 0.93 per cent
in yesterday's trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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.