BSE Sensex crashes 630.64 pts, NSE Nifty below 8,200-mark
.jpg)
On across-the-board selling in late morning deals, the stock markets nosedived to four-month lows with the benchmark BSE Sensex plunging 630.64 pts points to below 27,000-level and NSE Nifty falling 180.50 points.
Sentiments were weak in the absence of trigger amid host of negative factors in the backdrop of sustained FII outflows.
Overnight drop in US stocks on huge six-year high trade deficits, surging oil prices and growing concerns over Greek debt crises overlapped the sentiments.
The 30-share index resumed higher at 27,473.36 and hovered between 27,501.15 and 26,868.45, before quoting 26,962.41 at 1030 hrs, showing a loss of 477.73 points or 1.74 per cent from its last close. It fell even more thereafter.
Most of the sectors dropped between 1.07 per cent to 3.10 per cents, led by realty, banks, capital goods, metal, oil&gas and power. shares of midcap and smallcap companies dropped over 1.94 per cent.
Major losers on the BSE were BHEL (3.29 per cent), NTPC (3.22 per cent), CIPLA (3.27 per cent), Axis Bank (2.79 per cent), Tata Power (2.69 per cent) and Wipro (2.58 per cent).
Meanwhile, foreign portfolio investors sold shares worth Rs 756.52 crore yesterday as per provisional data.
Asian stocks were trading mixed, as key indices in Singapore, Indonesia and South Korea shed by 0.02 to 1.56 per cent. Key indices in China, Taiwan and Hong Kong rose by 0.14 to 1.27 per cent. Japanese markets are today.
Other Latest News
.webp)
For Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics Co., followed by a bumper share buyback. And now, South Korea’s biggest conglomerate has named a woman that’s not member of its founding family as chief executive officer of a group company for the first time in its 86 years.
In a country where women business leaders have long struggled to make inroads into corporate boards and C-suites, the appointment of Kim Kyung-Ah as president and CEO of Samsung Bioepis Co. is a story likely to inspire the next generation of executives.
.webp)
As cyclone 'Fengal' approaches Tamil Nadu, several parts of the capital Chennai will face a five-our power cut on Wednesday and Thursday, i.e., November 27 and 28 due to the maintenance work.
The power cut in Chennai will take place between 9 a.m. to 2 p.m., said a report by dtnext.in, adding that it may be restored if the maintenance work is completed.
.webp)
Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.
Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico even as the US oil industry has warned the policy could hurt consumers, industry and national security.
.webp)
Congress leaders from Wayanad handed over the election certificate of the parliamentary by-election to party general secretary Priyanka Gandhi Vadra in the presence of Rahul Gandhi here on Wednesday.
Sources said Priyanka Gandhi is likely to take oath in the Lok Sabha on Thursday.
Leaders from Wayanad handed over the election certificate of the Wayanad parliamentary by-election to Priyanka Gandhi and conveyed their best wishes.
.webp)
The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.
About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
.webp)
.webp)
.webp)
.webp)
.webp)
