Bears tightened their grip over the Indian market today as the benchmark BSE Sensex
plummeted by 562.88 points to hit nearly 14-month low of 25,201.90 amid
heavy selling in global equities ahead of the US jobs report.
Today's closing was the lowest level since July 2014 when the index had closed at 25003.98
The two-year rally in Indian stock markets has hit a major roadblock, with the BSE Sensex falling over 10 per cent in just one month.
As of Friday's close, the Sensex has shed 2,900 points in nearly three weeks since August 11, when China devalued its yuan currency
Foreign investors to pull out a net Rs 30,000 crore from domestic markets in the last four months.
More than half of the selling by foreign investors has come in August, which shows that the momentum of foreign selling is on the rise
Today's closing was the lowest level since July 2014 when the index had closed at 25003.98
The two-year rally in Indian stock markets has hit a major roadblock, with the BSE Sensex falling over 10 per cent in just one month.
As of Friday's close, the Sensex has shed 2,900 points in nearly three weeks since August 11, when China devalued its yuan currency
Foreign investors to pull out a net Rs 30,000 crore from domestic markets in the last four months.
More than half of the selling by foreign investors has come in August, which shows that the momentum of foreign selling is on the rise
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