India's stock markets fell 2 %
India's stock markets fell 2 percent on Thursday to their lowest level in more than three weeks after China accelerated the depreciation of the yuan, sparking sharp falls in regional equity and currency markets
In the worst crash this year, the benchmark Sensex on Thursday January 07,2016 broke below the 25,000-level by tanking about 555 points to close at 24,851.83, a 19-month low, as global stock and currency markets reeled after China let the yuan fall faster to battle a slowing economy.
The 30-share BSE index resumed the day sharply lower in line with the global sell-off and remained weak throughout as selling intensified. The gauge ended with a steep fall of 554.50 points, or 2.18 per cent, at 24,851.83, its lowest closing since June 4, 2014, when it closed at 24,805.83. Intra-day, it hit a session's low of 24,825.70.
The Sensex has now lost 1,309.07 points in four straight sessions.
All the 30-Sensex constituents led by BHEL (6.98%), Tata Steel (6.85%) and Tata Motors (6.15%) ended in the negative territory.
The sell-off also sparked losses in Axis Bank, Maruti Suzuki, ONGC, SBI, Adani Ports, L&T, Bajaj Auto, Hindustan Unilever, NTPC, Hero MotoCorp, M&M, HDFC Ltd, Lupin, Cipla, RIL, Dr Reddy's and ITC, falling up to 4.98 per cent.
The NSE Nifty too plunged headlong as it went below the 7,600-mark by falling 172.70 points, or 2.23 per cent, on massive selling across sectors.
India's stock markets fell 2 percent on Thursday to their lowest level in more than three weeks after China accelerated the depreciation of the yuan, sparking sharp falls in regional equity and currency markets
In the worst crash this year, the benchmark Sensex on Thursday January 07,2016 broke below the 25,000-level by tanking about 555 points to close at 24,851.83, a 19-month low, as global stock and currency markets reeled after China let the yuan fall faster to battle a slowing economy.
The 30-share BSE index resumed the day sharply lower in line with the global sell-off and remained weak throughout as selling intensified. The gauge ended with a steep fall of 554.50 points, or 2.18 per cent, at 24,851.83, its lowest closing since June 4, 2014, when it closed at 24,805.83. Intra-day, it hit a session's low of 24,825.70.
The Sensex has now lost 1,309.07 points in four straight sessions.
All the 30-Sensex constituents led by BHEL (6.98%), Tata Steel (6.85%) and Tata Motors (6.15%) ended in the negative territory.
The sell-off also sparked losses in Axis Bank, Maruti Suzuki, ONGC, SBI, Adani Ports, L&T, Bajaj Auto, Hindustan Unilever, NTPC, Hero MotoCorp, M&M, HDFC Ltd, Lupin, Cipla, RIL, Dr Reddy's and ITC, falling up to 4.98 per cent.
The NSE Nifty too plunged headlong as it went below the 7,600-mark by falling 172.70 points, or 2.23 per cent, on massive selling across sectors.
No comments:
Post a Comment