Thursday 9 December 2021
- Advertisement -
HomeEconomySensex tumbles over 1200 points after global sell-off

Sensex tumbles over 1200 points after global sell-off

Mumbai: The BSE cracked below the 34,000-mark by plunging about 1,275 points or 3.6% in opening trade today due to across-the-board losses after investor sentiment was hit by a sell-off in world markets.

Extending its falling streak for the sixth straight session, the 30-share index fell by 1,274.35 points, or 3.66%, to 33,482.81 with all sectoral indices led by realty, consumer durables, metal and banking tradings in the negative zone.

The index had lost 1,526 points in the previous five sessions after its remarkable over 2,200-point gain in January month.

Also, the broader NSE Nifty cracked below 10,300-mark by falling 390.25 points, or 3.65% to 10,276.30.

Market sentiment took a beating in line with sharp losses at other Asian markets after a record-breaking loss on after investors fret over rising US borrowing costs, brokers said.

The US Dow suffered its deepest fall in history, erasing all of its 2018 gains, while the S&P 500 took a beating to sit down for the year yesterday.

Asian markets followed the trend with Tokyo diving more than 5%, Hong Kong 4% and Sydney 3%, Singapore 2.35, Seoul 3%, Taipei 3.75, and Shanghai 2.15.

The heavy booking comes after months of surges fuelled by corporate earnings, global outlook and optimism over the US economy.

In domestic markets, caution ahead of RBI monetary policy meeting which begins later in the day and the rupee depreciating by 29 paise to 64.36 against the too dampened the sentiment, brokers said.

Strong selling pressure dragged down all the and the Nifty components.

Foreign institutional investors sold equities worth Rs 1,263.57 crore in yesterday’s trade, as per provisional data.

The laggards include Tata Motors, Yes Bank, Axis Bank, SBI, Asian Paint, Tata Steel, Adani Ports, ICICI Bank, IndusInd Bank, Bank, Suzuki, L&T, and Hero MotoCorp, plunged by up to 7.55%.

PTI

0 views

Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Support pro-India journalism by donating

via UPI to surajit.dasgupta@icici or

via PayTM to 9650444033@paytm

via Phone Pe to 9650444033@ibl

via Google Pay to dasgupta.surajit@okicici

Moreover, since morning in #Kashmir people assembled to pay homage to the departed CDS #Bipin_Rawat Sir at various locations. In evening, there ll be candle marches to express honor, and brief interactions to highlight his feats. 2/n

#1stCDS #JaiHind

Wikipedia Editors Mad About Jimmy Wales’ NFT of a Wikipedia Edit https://www.vice.com/en/article/qjbkvm/wikipedia-editors-very-mad-about-jimmy-waless-nft-of-a-wikipedia-edit

Read further:

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Now

Columns

[prisna-google-website-translator]
%d bloggers like this: