Sensex ends 541 points on global markets sell-off, Nifty settles at 7,812
.jpg)
The BSE Sensex and NSE Nifty gave up all the early gains in the second half of trading session on Tuesday and declined over 2 per cent tracking weak European markets and as sentiment turned cautious ahead of the expiry of monthly derivatives contracts later this week. Sensex closed 541.14 points down at 25,651.84 while Nifty lost 165.10 point at 7,812.
All sectoral indices on the Bombay Stock Exchange closed in red. The BSE Metal index declined the most — 4.24 per cent at 6,976.62, followed by BSE Capital Goods index (down 3.1 per cent), BSE Power index (down 3.09 per cent) and BSE Bankex (down 3.04 per cent).
In the 50-share index, Wipro remained the only gainer and jumped 0.30 per cent at Rs 594. On the other hand, Hindalco, Vedanta, Coal India, Tata Motors and YES Bank plunged between 4.80 per cent and 6.70 per cent.
Vinod Nair, head, fundamental research, Geojit BNP Paribas Financial Services, said, “Sell-off in the European market led to sharp correction in India which is under expiry mode. The European markets are under concern post the Fed decision of September 17 to hold the rate. Since then, we are seeing an appreciation in US dollar which is leading to volatility in developed market. As far as India is concerned we should continue to be cautious till the RBI policy, where the consensus of views expects a 25 basis points cut in rate.”
Overall market breadth for the day remained positive as advances to declines ratio for Nifty stood at 1:49 for the day.
Globally, FTSE fell over 2 per cent while France’s CAC and the pan-European Euro Stoxx were down up to 3.5 per cent. The Shanghai Composite index, however, rose 0.92 per cent.
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)
